In Saudi Aramco IPO, Global Refining Empire May Be the Prize

  • Saudi state-owned company mulls `bundle' of refiners listing
  • Aramco will be world's top refiner by 2020, overtaking Exxon

Saudi Aramco Eyes IPO

Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one option is to sell shares in its refining assets rather than the parent.

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