Saudi Aramco CEO says IPO will 'certainly' happen

Saudi Aramco CEO Amin Nasser (Photo: Saudi Aramco)
Saudi Aramco CEO Amin Nasser (Photo: Saudi Aramco)

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will "certainly" happen when the conditions are right.

Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom's sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.


(Reporting by Rania El Gamal; writing by Maher Chmaytelli)

Current News

ABL Gets Neptun Deep Job for OMV Petrom in Black Sea

ABL Gets Neptun Deep Job for O

Petrobras and China’s CNCEC to Collaborate on Oil and Gas, Renewables

Petrobras and China’s CNCEC to

Norway Clears TGS and PGS Merger

Norway Clears TGS and PGS Merg

Full Capacity Operations at Tyra II Gas Development Up for Potential Delays

Full Capacity Operations at Ty

Subscribe for OE Digital E‑News

Offshore Engineer Magazine