Profits — and pitfalls — of a China deal for Saudi Aramco | Arab News:
"The official position of Saudi Aramco and its advisers has not altered. The initial public offering (IPO) scheduled for 2018 is on track and plans are advancing toward that end, with a number of foreign stock exchanges lined up in addition to the Tadawul as a potential venue.
But behind the scenes, a lot has changed since the Financial Times reported at the end of last week that Aramco was considering a private deal with Chinese investors to take a chunk of its equity before an international IPO.
Since then, further reports have emerged that name two Chinese oil companies, PetroChina and Sinopec, as being part of a consortium that has offered to buy 5 percent of Aramco — exactly the amount slated for the IPO. "
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