EnergyWatch

Saudi oil minister says full Aramco IPO is on track for 2018

Last week, sources stated that Saudi Arabia is considering a delay for the international part of the Saudi Aramco IPO. Oil Minister Khalid Al-Falih said Tuesday that the whole listing is still slated for 2018.

Photo: SaudiAramco

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said Tuesday.

Asked whether both parts of the IPO will happen next year, Al-Falih said: "Yes of course; it is on track." He declined to answer questions on whether Chinese investors were interested in buying ahead of the IPO as cornerstone investors.

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