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Saudi Aramco to consider India as part of Asian expansion
(MENAFN) Saudi Aramco was revealed to be viewing a step forward into its Asian expansion plan and move ahead to India.
Aramco CEO Amin Nasser declared that the state oil company is "looking at additional investments in China, and India is also a very important destination which we are giving great consideration, and (where we are) currently in discussion with some companies."
Aiming to generate over $100 billion in the initial public offer, the Kingdom confirmed its strategy to sell 5% of Aramco.
The CEO stated "at the moment, we are prepared for a listing in the second half of 2018."
Aramco CEO Amin Nasser declared that the state oil company is "looking at additional investments in China, and India is also a very important destination which we are giving great consideration, and (where we are) currently in discussion with some companies."
Aiming to generate over $100 billion in the initial public offer, the Kingdom confirmed its strategy to sell 5% of Aramco.
The CEO stated "at the moment, we are prepared for a listing in the second half of 2018."
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