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Largest Oil Producer Saudi Aramco $100 Billion IPO Timed in Year 2019

Largest Oil Producer Saudi Aramco $100 Billion IPO Timed in Year 2019

Saudi Aramco $100 billion IPO could be in the year 2019, according to a Bloomberg report.  The IPO could raise $100 billion via both the Saudi stock exchange in Riyadh and the Tadawul, and one or more stock exchange with New York and London as main contenders.

” Saudi Aramco $100 billion IPO timed in year 2019 “

Saudi Aramco is the world’s largest oil producer with proven conventional crude oil and condensate reserves of 260.8 billion barrels.  The average daily crude production is 10.5 million barrels per day (bpd), and have an estimated natural gas reserves of 298.7 trillion standard cubic feet (scf).  The company is headquartered in Dhahran, Saudi Arabia and employs more than 65,000 workers worldwide.

Source: Bloomberg

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About Saudi Aramco

Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise.  Over the past 80 years we have become a world leader in hydrocarbons exploration, production, refining, distribution and marketing.  Saudi Aramco’s oil and gas production infrastructure leads the industry in scale of production, operational reliability, and technical advances. Our plants and the people who run them make us the world’s largest crude oil exporter, producing roughly one in every eight barrels of the world’s oil supply.

We manage proven conventional crude oil and condensate reserves of 260.8 billion barrels. Our average daily crude production is 10.5 million barrels per day (bpd), and we have stewardship of natural gas reserves of 298.7 trillion standard cubic feet (scf).  Headquartered in Dhahran, Saudi Arabia, with offices and operations throughout the Kingdom, we employ more than 65,000 workers worldwide.  Our subsidiaries and affiliates are located across the globe in Saudi Arabia, China, Egypt, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Kingdom and the United States.

 

Visit: Saudi Aramco

 


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