Aramco IPO part of a bigger plan
The Saudi state-owned producer is aiming for a formidable network of midstream and downstream assets
Saudi Aramco’s IPO is an integral part of the country’s Vision 2030, which is designed to channel the kingdom’s oil wealth into building a higher value-added economy. Engineering and petrochemicals development are key target areas of the masterplan, which includes dozens of large infrastructural and industrial projects worth hundreds of billions of dollars. “The success of Aramco's planned IPO is contingent on the company's ability to convince investors that it can generate value across the full product cycle,” says George Voloshin, a senior analyst at Aperio Intelligence, a UK-based strategic intelligence company. “For now, there is too little to show for Saudi Aramco's diversification str
Also in this section
20 May 2024
Not for the first time, a foreign oil company-led project in Iraq’s Kurdistan region is dealing with the aftermath of a deadly drone attack
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way