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Saudi Aramco considers share sale

Saudi Aramco considers share sale

Azerbaijani media representatives visit Saudi Press Agency (02 February 2017 20:46)
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Date: 8 January 2016 19:51

Baku, January 8 AZERTAC 
Saudi Aramco, the giant oil company owned by the Saudi Arabian state, has confirmed that it is considering a share sale, according to the BBC. The move would make Aramco - already the largest oil producer - the world's most valuable listed company. In an interview in the Economist, deputy crown prince Mohammed bin Salman had said a move was being "reviewed". The company released a statement on Friday confirming it was looking at a number of options regarding a sale. Aramco has crude reserves of about 265bn barrels - more than 15% of global deposits - and with falling oil prices a sale would raise revenues for Saudi.

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