Fetching News Details

Saudi Arabia awards 40-year concession to Aramco
Aug. 29, 2018
Source: Energy Voice

Saudi Arabia awards 40-year concession to Aramco

Saudi Aramco has been awarded a 40-year franchise by Saudi Arabia to explore and exploit the hydrocarbon reserves of the kingdom. Although Saudi Aramco has put IPO on hold, Saudi’s oil minister commented that the kingdom is “committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum.” The concession also includes 20-year extension option.

   Read More About : Saudi Arabia Saudi Aramco UPSTREAM IPO
⬅ all news

Please Login to Save News for Later