Saudi Paper Retracts Aramco 49% Stake Sale Plan Story
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The Riyadh-based newspaper al-Eqtisadiah retracted a story saying Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company known as Aramco.
The stake that the government plans to sell and the time frame of the sale are different than what was mentioned in the story published on Saturday, al-Eqtisadiah said in a statement published Sunday. The story, which cited an unidentified government official, contained a number of other errors, the newspaper said.