Saudi Aramco

Opinion

Opinion: Saudi Aramco IPO – selling the family silver

29/04/2016

News that the Saudi government will sell off a 5% stake in its oil champion, Saudi Aramco, is arguably the biggest hydrocarbons policy shift since the 1970s, turning a page on the post-1973 nationalisation of the region's oil producers.

Opinion

Opinion: An Aramco IPO won’t be oil market’s powerball jackpot

22/01/2016

Saudi Arabia may not have the grip over oil prices that it once did, but it still knows how the prime the market. Earlier this month, Saudi’s deputy crown prince, Muhammad bin Salman, floated the idea to The Economist of a stock offering for Saudi Aramco, the state company that controls Saudi Arabia’s massive oil reserves.

Middle East

In Saudi Aramco IPO talk, some see age of oil coming to end

15/01/2016

For all the talk of Saudi Arabia’s oil company becoming the first trillion-dollar business if it goes public, some see the chatter as a sign of oil’s weakness. The Saudis, they say, know it’s time to start hedging their bet on fossil fuels. While the Saudi Arabian Oil Co. sits on a preposterously large reserve of 260 billion barrels of oil, the kingdom’s discussion of a share sale amid a global collapse in crude prices suggests another motive to those who preach about the financial risks of climate change: The Saudis may want to capitalize on an asset that’s only going to lose value if the world gets serious about global warming.