Sentences with phrase «state oil company saudi»

Among the other topics discussed was Saudi Arabia's plans to list state oil company Saudi Aramco on a foreign stock exchange.

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Saudi Arabia is walking back plans for a massive public share offering for state oil giant Aramco, the world's biggest oil company, on a big international stock exchange.

Saudi Arabia needs to cover weighty domestic spending and attract investors to a partial sale of its state oil company, Aramco.

Saudi Arabia, in the midst of transforming its economy and poised for a public offering of its state - owned oil company, could be vulnerable to Federal Reserve policy, observers say.

The issue is particularly sensitive for Saudi Arabia, which is transforming its economy ahead of an expected initial public offering by state - owned oil company Saudi Aramco.

The planned initial public offering (IPO) of state oil giant Saudi Aramco (London is competing with New York to be the stock exchange where the company is listed overseas) is also expected to be discussed, the EIU's Abdelmeguid said.

The Financial Times reported on Thursday that the Treasury is «finalising» a $ 2 billion loan guarantee for Saudi Aramco, the state oil company that is gearing up for what would be the world's biggest ever stock market float.

LONDON — A former senior civil servant at the Treasury has attacked the government's decision to backstop a $ 2 billion (# 1.5 billion) loan to Saudi Arabia's state oil company in an apparent bid to woo the company to list in London.

Recent reports that China's large state - owned oil companies are considering an outright purchase of 5 percent of Saudi Aramco, a move that Saudi Arabia is rumored to be considering in lieu of the Aramco IPO, should be seen in this context.

Saudi Aramco, the world's top oil company, has appointed three new members to its board including a woman executive, the state run company said.

Saudi Aramco will be ready for an initial public offering in the second half of 2018, Amin Nasser, the CEO of the state oil company, said in a Bloomberg television interview.

The Saudi Stock Exchange has taken steps to prepare for the initial public offering of state - owned oil company Aramco.

Even now Saudi Arabia is finalizing its upcoming sale of an intended minority stake in the largest oil company in the world, their Saudi Aramco state oil company.

The offering of the state - owned oil company is a centerpiece of an ambitious economic overhaul of Saudi Arabia led by Crown Prince Mohammed bin Salman.

Saudi Arabia has plans to sell about 5 % of Saudi Aramco, the state - owned oil company, through an IPO in 2018 and expects to generate up to $ 100 billion for the country's Vision 2030 program, designed to shift the Saudi economy away from oil dependency towards tech and entertainment services.

Saudi Arabia has looked for ways to expand its economy beyond oil, with the Public Investment Fund — which is expected to grow to $ 2 trillion under management after the country's state - owned oil company goes public — serving as a crucial part of that strategy.

According to the Fortune 500 Ranking, Sinopec ranks 4th among global oil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owneoil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owneOil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owned).

And that's just the beginning: The Saudi war chest will grow next year when the nation's state oil company, Aramco, goes public — money that could immediately be invested in U.S. tech.

A potential partial privatization of Saudi Arabia's state oil company, Saudi Aramco, would require the company to remove its veil of secrecy.

Capital Markets Equity Offering A potential partial privatization of Saudi Arabia's state oil company, Saudi Aramco, would require the company to remove its veil of secrecy.

A Saudi Arabian accused of having links to some of the 9/11 terrorists is working for his country's state oil company in London.

The Wall Street Journal quoted Nansen Saleri, a Houston - based expert in oil - reservoir management and a former top official at Saudi Aramco, Saudi Arabia's state - owned oil company as describing the continuing incident as «a catastrophic failure of risk management.»

The offering of the state - owned oil company is a centerpiece of an ambitious economic overhaul of Saudi Arabia led by Crown Prince Mohammed bin Salman.