Sunday, 3 December 2017

OPEC deal could produce a Goldilocks scenario for Saudi Aramco IPO | Arab News

OPEC deal could produce a Goldilocks scenario for Saudi Aramco IPO | Arab News:

"Khalid Al-Falih, Saudi Arabia’s energy minister, would have come away from Vienna last week with the satisfaction of a job well done and mission accomplished, on two fronts.
As the Kingdom’s oil supremo, he would have been happy with the deal to maintain production by OPEC — and its new ally Russia — until the end of next year.
In his capacity as chairman of Saudi Aramco, he would be no less pleased that another variable had been ticked off in the preparations to launch the initial public offering of the world’s biggest oil company, also slated by official pronouncements for the end of 2018."



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