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April 28 2021, 6:16 AM
(Bloomberg) Saudi Arabia is in talks to sell a 1% stake in state-controlled oil giant Aramco to a foreign company, Crown Prince Mohammed Bin Salman said in an interview with a local TV station.
(Bloomberg) Saudi Arabia is in talks to sell a 1% stake in state-controlled oil giant Aramco to a foreign company, Crown Prince Mohammed Bin Salman said in an interview with a local TV station.
The kingdom could also announce a secondary offering of shares in the company within the next two years, he said.
âI donât want to give any promises about deals finalizing, but there are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world,â the Crown Prince said. âThis deal could be very important in strengthening Aramcoâs sales in the country where this company resides,â he said, adding itâs a very large nation.
by Bloomberg
|Wednesday, April 28, 2021
Saudi Arabia s crown prince said the kingdom is in talks to sell a 1 percent stake in state oil giant Saudi Aramco to a leading global energy company .
(Bloomberg) Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic.
The kingdom is looking at the potential sale which could be worth about $19 billion, based on the company’s market value as a way to lock in customer demand for the country’s crude, Crown Prince Mohammed Bin Salman said in a rare interview on a Saudi television channel late Tuesday. While providing few details on which company is involved in the talks, he said the sale could take place in the next two years.
Oil Edges Higher as OPEC+ Bets Market Can Absorb More Supply
Bloomberg 39 mins ago Elizabeth Low
(Bloomberg) Oil edged higher after OPEC+ confirmed it would proceed with plans to add more barrels to the market, despite a virus resurgence in some regions including India clouding the demand outlook.
Futures in New York traded above $63 a barrel after advancing the most in almost two weeks on Tuesday. An OPEC+ committee agreed that the alliance should press ahead with its road map for increasing supply over the next three months. The coalition raised its estimates for demand growth this year on Monday, while BP Plc also pointed to signs of a robust recovery.
Saudis in talks to sell Aramco stake to global energy firm By By Vivian Nereim, Reema Alothman, Abeer Abu Omar and Matthew Martin on 4/28/2021
(Bloomberg) â Saudi Arabiaâs crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a âleading global energy companyâ as he forecast an economic rebound after the coronavirus pandemic.
The kingdom is looking at the potential sale which could be worth about $19 billion, based on the companyâs market value as a way to lock in customer demand for the countryâs crude, Crown Prince Mohammed Bin Salman said in a rare interview on a Saudi television channel late Tuesday. While providing few details on which company is involved in the talks, he said the sale could take place in the next two years.