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Saudi Aramco May Open IPO to International Investors

  • Aramco to offer `economic value' in IPO, not oil reserves
  • Crude Oil Demand in 2016 to continue to grow at healthy rates
S-Oil Corp. refinery facilities operate at dawn in Ulsan, South Korea, on Thursday, Jan. 23, 2014. Saudi Arabian Oil Co. (Saudi Aramco), the worlds largest crude exporter, will buy a $2 billion stake in S-Oil Corp., South Koreas third-largest oil refiner.
Photographer: SeongJoon Cho/Bloomberg
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Saudi Arabian Oil Co. may open a potential share offering to international investors and confirmed that the kingdom’s crude reserves won’t be put up for sale.

Saudi Aramco, as the world’s largest oil business is known, is still considering “all options” in any future public offering, including the sale of shares internationally, Chairman Khalid Al-Falih said in an interview on Al Arabiya television. The company isn’t considering selling its oil reserves, he said.