Saudi Aramco has interviewed several banks about its possible initial public offering.
That's the long-term goal of Saudi Prince Mohammed bin Salman, who estimates the company at about $ 2 trillion. This will be the largest IPO with the world.
Until recently, Saudi Energy Minister Khalid Al-Falih said it was possible for Aramco to go public in 2020 or 2021.
The move was decided after good corporate debt management, with unfamiliar sources disclosing the case and which banks were called to negotiate. The bankers attended the board of directors meeting in Boston last month.
Saudi Aramco declined to comment.
The week started off well for oil, with price finding support even after a weekend drone attack over an Arab oil field.
Saudi Aramco said at the time that oil production had not been affected.
Source: CNBC
Photo: Flickr
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