Saudi Arabia is said to be reviewing an IPO (Initial Public offering) with a decision expected to take place in the coming months.
According to a report in The Economist, Deputy Crown Prince Mohammed bin Salman said he was “enthusiastic” about taking the step.
A sale of the shares would serve Saudi Arabia and Aramco’s interests and promote transparency, according to Salman.
Saudi Aramco produces all of Saudi Arabia’s crude oil with December’s production levels at 10.25 million barrels a day.
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