Crude calculation: Just how much oil does Saudi Aramco have in reserve? | Arab News:
"Now that the initial public offering of Saudi Aramco has been officially put back until 2019, the company can give preparations for what could be the biggest IPO in history the detail they deserve. Does it matter that the IPO will not go ahead on the original schedule that had it taking place, in some form, before the end of this year? Probably not. Policymakers like to stick to their pledges, but an event of this size and scale is surely too big and important for the future of the Kingdom to be rushed. With the oil price rising, the fiscal pressure is relaxed for the Saudi authorities, which in any case have shown themselves adept at raising revenue and capital through other means, be it from efficient tax collection or forays into the international capital markets."
'via Blog this'
No comments:
Post a Comment