Saudi Arabia Denies FT Report: IPO on Track
Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO).
Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO).
To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia.
Saudi Arabia will cut crude shipments by 560,000 barrels per day (b/d) in November.
Looking to expand its operations, Saudi Aramco plans to begin trading non-Saudi crude oil.
Saudi Aramco will soon finish the shale-production facilities it is building in northern Saudi Arabia.
The initial public offering (IPO) for Saudi Aramco remains scheduled for 2018.
Saudi Aramco confirmed that its initial public offering (IPO) remains on track for next year.
Saudi Arabia is developing back-up plans in case the initial public offering (IPO) of Saudi Aramco is pushed back until 2019.
Saudi Aramco is increasing its crude oil reserves in Japan by 1.9 million barrels.