Tag Archives: Saudi Arabia

The oil pipeline is not the only project that highlights Saudi Arabia’s aspirations in Yemen.

The October OSPs will also mark the first change in Saudi’s crude price benchmarks since the mid-1980s.

When the IPO was initially flagged in 2016. Saudi officials hoped it would raise as much as $100 billion.

The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.

A rise in spending would expose the Saudi budget if there was an unexpected drop in oil prices.

Almost 16 banks are expected to participate in the lending process. with the lead banks to be selected later Thursday.

To prepare for the listing of Saudi Aramco. the government has undertaken a number of major preparatory measures.

The government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum.

Earlier this month. Yemen was said to have resumed oil exports.

If the deal goes ahead. it is going to be just one step along the much longer journey for Saudi Arabia.