Oil’s $1 Trillion Question - Bloomberg:
"If it wasn’t a sales pitch, it really sounded like one. “Aramco is by far the lowest-cost producer,” said Khalid al-Falih, the Saudi oil minister, at the Future Investment Initiative in Riyadh. The October gathering, dubbed “Davos in the desert,” brought together a who’s who of business and finance, including the bosses of Blackstone Group LP and Credit Suisse Group AG. Al-Falih was talking up Saudi Arabian Oil Co., also known as Aramco, the state-owned oil company the kingdom is planning to sell shares of."
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