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Re: Saudi Aramco Reportedly Shelves IPO In “Face-Saving” Mov

Unread postPosted: Sun 15 Oct 2017, 14:18:56
by pstarr
onlooker wrote:
ROCKMAN wrote:Looker - "Do you mean Rockdoc. or Rockman? They are two different people." There's you go again: embarrassing the terminally confused. They have their unfounded prejudices etched in stone. Or "rock" if you prefer. Shame on you!!! LOL.

I personally prefer the Rockman, he is generally less grouchy than Rockdoc and has that novel 3rd person narraration going :lol:

It is charming :-D 8)

Saudi Arabia Oil Minister Says Full Aramco IPO on Track for

Unread postPosted: Sat 21 Oct 2017, 19:51:37
by AdamB
Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said Tuesday. Asked whether both parts of the IPO will happen next year, Al-Falih said: "Yes of course; it is on track." He declined to answer questions on whether Chinese investors were interested in buying ahead of the IPO as cornerstone investors. People familiar with the situation said last week that the kingdom is wondering whether to delay the international portion of the offering until at least 2019. A two-stage Saudi Aramco IPO is one of several options being considered, they said, asking not to be identified because discussions are private. Another plan would include listing in Riyadh next year and privately selling a stake to one or several cornerstone investors, one of the

Saudi Oil Minister says IPO is ON!

Re: Saudi Arabia Oil Minister Says Full Aramco IPO on Track

Unread postPosted: Mon 23 Oct 2017, 19:37:57
by Subjectivist
No surprise, if they call a halt now they would look weak to the rest of OPEC and they are not going to do that, even if it hurts them in the long run!

‘Transformation Is Happening’: Saudi Aramco’s Chief on Futur

Unread postPosted: Sun 29 Oct 2017, 22:12:11
by AdamB

As Saudi Aramco, the Saudi national oil company, prepares for a widely-awaited initial public offering next year, its chief executive, Amin H. Nasser, is at the center of the planning. Mr. Nasser has run Aramco, which produces more oil than any other company in the world, since 2015, and also oversees a wide range of joint ventures and investments. Along with the public offering, Aramco is also crucial to Saudi-led efforts to cut oil production in an effort to buoy prices. Brent crude, the international benchmark, was above $100 a barrel in 2014 before tumbling sharply. It is now at about $60 a barrel. He spoke to Stanley Reed, a New York Times reporter, on the sidelines of an event sponsored by the Oil and Gas Climate Initiative, a partnership of 10 international oil companies that aims to reduce greenhouse gas emissions .

‘Transformation Is Happening’: Saudi Aramco’s Chief on Future of Oil

Re: ‘Transformation Is Happening’: Saudi Aramco’s Chief on F

Unread postPosted: Mon 30 Oct 2017, 11:07:41
Truly comical that he would qualify the Saudi govt owning 95% of the Aramco stock as "privatization". LOL.

Re: Saudi Aramco IPO

Unread postPosted: Sun 05 Nov 2017, 00:17:23
by Keith_McClary
Saudi Purge Sees Senior Princes, Top Billionaire Detained
I was expecting a military coup. Maybe that will come next.

Re: Saudi Aramco IPO

Unread postPosted: Sun 05 Nov 2017, 06:00:27
by Cog
The young prince is just taking out the trash. The Aramco IPO will take place and will be listed on the NYSE just as Emperor Trump wishes.

"Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States"! Trump on Twitter

Those loyal to the House of Bush and Clinton have been swept away. A new era begins with House of Trump. The symbolism of the sword dance in Saudi Arabia with Trump should have been obvious.

Re: Saudi Aramco IPO

Unread postPosted: Sun 05 Nov 2017, 09:24:48
by M_B_S
The vital question is:

WHO wants to buy the saltwater in Ghawar? :twisted:

PEAK GHAWAR was years ago.....


The real M_B_S is asking....
Archiv look: ... f-oil/1204

Re: Saudi Aramco IPO

Unread postPosted: Sun 05 Nov 2017, 10:12:05
by Cog
The Oil Drum? Might as well quote Zerohedge. The Saudi's are merrily pumping away with no end in sight.

A lesson for Aramco

Unread postPosted: Thu 14 Dec 2017, 22:25:01
by AdamB
IF you have ever wondered what national oil companies are for, one of the bigger ones offers this pithy take on the cover of its annual report: This isn't strange; national oil companies, or NOCs in industry parlance, are often their country's biggest corporate entity, employer and source of public revenue. The question is what they offer international investors, especially as we await the initial public offering (IPO) of the biggest NOC of all, Saudi Arabian Oil Co, or Saudi Aramco. The proliferation of listed NOCs is mostly a post-2000 phenomenon. These include Russia's Rosneft Oil Co PJSC; China's PetroChina Co Ltd, China Petroleum & Chemical Corp, and CNOOC Ltd; Petroleo Brasileiro SA of Brazil; and Norway's Statoil ASA. The timing, amid a boom in oil prices and emerging markets, was no accident. The IPO pitches shared common themes like sheer scale and

A lesson for Aramco

Saudi Arabia Considers Adding to $10 Billion Loan

Unread postPosted: Tue 09 Jan 2018, 20:25:17
by AdamB

Saudi Arabia is considering increasing the size of a $10 billion loan after banks on the 2016 deal offered to lend more, people familiar with the matter said. Lenders are in talks with the government to increase the amount it borrowed, said the people, asking not to be identified because the discussions are private. Another option being discussed is to arrange new bilateral or club facilities with the banks, they said. The kingdom could add as much as $5 billion to the loan, one of the people said. Final decisions haven’t been made and discussions may not result in a new deal, the people said. Saudi Arabia’s ministry of finance didn’t immediately respond to requests for comment. The world’s biggest oil exporter plans to borrow about $31 billion this year to bridge an expected budget deficit of $52 billion and fund growth plans after

Saudi Arabia Considers Adding to $10 Billion Loan