• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 16 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 12 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 4 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 6 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 16 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 7 hours Venezuela set to raise gasoline prices to international levels.
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 13 hours Starvation, horror in Venezuela
  • 4 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 3 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 18 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 19 hours France Will Close All Coal Fired Power Stations By 2021
Alt Text

This Is Why Canada Lost The LNG Race

Just recently, it seemed as…

Alt Text

The Real Leader In Global Energy Production

Last week President Trump was…

Alt Text

The Weirdest Oil Lawsuit Of 2018

In a somewhat strange move,…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory 27th October 2017

Aramco Oil

Saudi Aramco’s initial public offering has been making more than its usual share of headlines this week, with the latest coming from the chief executive of Riyadh’s stock exchange Tadawul, who said he would vie for an exclusive Aramco listing. This, Khalid al-Hussan told the FT earlier this week, would put Tadawul on the global stock exchange stage and promote Riyadh as a capital markets hub.

This immediately raises questions about the international listing of the world’s biggest oil company in terms of reserves. Although Aramco has insisted that all is going as planned with the IPO and it is on track to take place in the second half of next year, there have been doubts. Earlier reports suggested Aramco may be considering shelving the IPO or delaying it. The Saudi company rejected these reports but it has not been very forthcoming with details about the progress in its preparation for the listing of the century.

About the international listing of 5% of Aramco’s stock, the company said it is reviewing a number of venues, including the London Stock Exchange, NYSE, and the bourses in Tokyo and Hong Kong. A New York listing is tricky because of U.S. legislation that makes Saudi nationals vulnerable to legal action related to the 9/11 terrorist attacks.

The LSE has become the target of a legislative probe following revelations that the boss of the UK’s financial markets authority had met with executives from Aramco several months…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News