Saudi Arabia is preparing to sell 5% of Saudi Aramco during IPO in 2018.
The IPO plan has been championed by Deputy Crown Prince Mohammed bin Salman, who oversees the country's energy and economic policies. He said he expected the IPO would value Aramco at a minimum of $2 trillion. Saudi Arabia is favoring New York for listing Saudi Aramco, while also considering London and Toronto. The IPO will be organized “to maximize the economic benefits of the kingdom,” the government source said. “Saudi Arabia will not give up on its majority ownership of Aramco, and will not relinquish the control of it.”
According to the agreement with Administration of Eiz Eldeen Saleem Sub-District LUKOIL implemented the first social project for this year, which was the Food Boxes Project.read more
The team of young employees of LUKOIL Uzbekistan Operating Company under the name of “Gorod Khlebniy” (“The City of Grain”) successfully performed at the “KVN Cup” humor contest held among the oil and gas producing entities of LUKOIL Group and bore away the highest award.read more