×
×
Project Insights

Gas expansion key to Saudi Aramco’s IPO

The Saudi NOC has spent recent months flagging up its gas expansion plans in a move to attract investors for its planned stock market listing The Saudi NOC has spent recent months flagging up its gas expansion plans in a move to attract investors for its planned stock market listing.
By James Gavin 7 November 2019 Middle East & Africa / Exploration & Production 0 34763
A Saudi offshore gas platform. (Saudi Aramco)

The key issue: Saudi Aramco formally launched its initial public offering on 3 November, but investors may need more convincing that the company’s gas expansion plans are fit for purpose.

Interfax analysis: The announcement of the long-awaited Saudi Aramco IPO has grabbed instant headlines, reflecting stratospheric valuations being touted in the range of $1.6-1.8 trillion. Less noted is the tangible impact the company’s transition away from an oil focus will have on its valuation.

The Saudi giant is morphing into a different beast from the...