Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Real Assets

Aramco Invites Sinopec As IPO Investor, Says Chinese Energy Major

by posted 1year ago 527 views
<p>China&rsquo;s oil and gas major Sinopec said it has been invited to invest in Aramco as part of what could be the world&rsquo;s biggest-ever initial public offering.</p> <p>Talks are ongoing between the companies, Wang Yupu, the chairman of the Chinese refiner, said on Monday. During a visit to China this month, Aramco&rsquo;s chief executive Amin Nasser told officials he hoped the Chinese company could invest in the listing, Mr Wang said.</p> <div> <ul> </ul> </div> <p>Saudi Arabia is preparing for the flotation by deepening relationships with its biggest buyers and locking in future demand for its oil. King Salman bin Abdulaziz led a Saudi delegation to Asia this month that saw the Middle East explorer pledge at least US$13 billion worth of investments in refining projects.</p>