50563
Aramco Mulls 2018 Listing on Bourses
Energy

Aramco Mulls 2018 Listing on Bourses

Saudi Aramco continues to look at several overseas exchanges, including New York, Hong Kong and London, for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser said on Monday. "This thing will happen in 2018," he told reporters on the sidelines of a conference in Dubai, Reuters reported. He added that the company was working with Chinese partners to look at locations for oil storage and wanted to boost its oil recovery rate to 70% from 50 to 55% currently. Saudi Aramco is also forecast to spend about $334 billion on various sectors, including materials and services such as infrastructure and projects, to maintain oil capacity by 2025, an Aramco official said on Monday. Abdulaziz al-Albdulkarim, vice president for procurement and supply chain management, told a conference in Bahrain that projects to which the spending would be applied included the exploration and development of unconventional resources.

 

Short URL : https://goo.gl/pY2dfb
  1. https://goo.gl/vthPqS
  • https://goo.gl/AscThD
  • https://goo.gl/4Onrp5
  • https://goo.gl/zPNw5Q
  • https://goo.gl/SsniqG

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Trending

Googleplus