Singapore's desire to host the IPO of Saudi Arabian Oil Co. is understandable. Whether the city-state is the best venue for what could be the world's largest ever share sale is another matter.
The island is considering a range of measures to lure Aramco, including inviting one of its state investment companies to become a cornerstone investor. And Singapore is Asia's No. 1 oil-trading center, so investors should have a good understanding of the industry.