Saudi Oil Minister Says Aramco to Keep Spare Capacity in IPO

Updated on
  • Investors must accept kingdom’s policy of idling some fields
  • Aramco will look to invest in oil and gas projects overseas

Khalid Al-Falih in Vienna on June 2, 2016.

Photographer: Akos Stiller/Bloomberg

The initial public offering of the world’s largest oil company will not mean an end to a long-time policy of keeping some of its production capacity idle to cushion any disruption in supply, Saudi Arabia’s energy minister said.

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