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Thursday, 27 April 2017

UPDATE 1-Total CEO says could consider participation in Saudi Aramco IPO | Reuters

UPDATE 1-Total CEO says could consider participation in Saudi Aramco IPO | Reuters:

"French oil and gas major Total could consider taking a stake in the planned listing of part of Saudi Arabia's Aramco, the company's chief executive said on Thursday.

Total CEO Patrick Pouyanne told an oil summit in Paris that it was all premature as the market was still awaiting details on how the initial public offering (IPO) would be done, but added it could be a meaningful partnership for Total in Saudi Arabia.

"We may consider it," Pouyanne said, who also stated that any final decision was "a matter of profitability and best allocation of capital.""



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