Tuesday, January 12, 2016

As the Saudi’s look to IPO ARAMCO, experts question whether anyone will buy the stock

With oil prices now at near historically low levels due to OPEC manipulation, and a slowdown in the global economy, the Saudi government is mulling over implementing an unprecedented event, which is to IPO and make public their long-standing private enterprise known as ARAMCO.
Saudi Aramco, which is officially the Saudi Arabian Oil Company and most popularly known just as Aramco (formerly Arabian-American Oil Company), is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia.  Aramco’s value has been estimated at anywhere between US$1.25 trillion and US$10 trillion, making it the world’s most valuable company.
Headquartered in Dhahran, Saudi Arabia, Saudi Aramco operates the world’s largest single hydrocarbon network, the Master Gas System. Its 2013 crude oil production total was 3.4 billion barrels (540,000,000 m3),and it manages over 100 oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves.


Post a Comment