The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Saudi prince says Aramco valuation above $2 trillion

Pubdate:2016-04-26 10:09 Source:mcc Click:
RIYADH, Saudi Arabia (Bloomberg) -- Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said he expects the value of Saudi Arabian Oil Co. to exceed $2 trillion as the kingdom prepares to sell part of the company in what could be the world’s largest initial public offering.
 
The valuation of the oil producer known as Saudi Aramco hasn’t been completed, Prince Mohammed said in an interview with Saudi-owned Al Arabiya television. The government plans to turn Aramco into a holding company and will sell less than 5% of that entity, he said. Aramco units may be offered for sale at a second stage, he said.
 
“Only the oil reserves could be worth about $2.5 trillion at $10 oil price, so a valuation of $2 trillion for all of Saudi Aramco is quite cheap,” Danilo Onorino, an energy-focused portfolio manager at Dogma Capital SA, said from Lugano, Switzerland. Aramco also has the world’s lowest operating costs and access to “very cheap” financing, he said.
 
Prince Mohammed is leading the biggest economic shakeup since the founding of Saudi Arabia in 1932, with measures that represent a radical shift for a country built on petrodollars.
 
2030 Vision
 
Saudi Aramco’s sale is a key part of the “Saudi 2030 Vision” announced Monday to overhaul the economy and reduce the kingdom’s reliance on oil, he said. It will help increase transparency, he said.
 
“If Saudi Aramco is listed then it must announce its statements and it will do that every quarter,” he said. “It will be under the supervision of all Saudi banks, all analysts, all Saudi thinkers. Even more, all international banks and research and planning centers in the world will monitor it intensively.”
 
Aramco’s crude reserves of about 260 Bbbl are almost 10 times those of Exxon Mobil Corp. Its daily production of more than 10 MMbbl is more than the domestic output of every U.S. oil company combined.
 
Sovereign Fund
 
The remaining Aramco stake not sold in the IPO, which is now held directly by the government, will be transferred to the country’s sovereign-wealth fund. “In 2020, I think we will be able to live without oil,” Prince Mohammed said. “We will need it, but we can live without it.”
 
Jason Tuvey, an economist focusing on the Middle East at Capital Economics Ltd., challenged that assertion. “I don’t buy into this, I’m afraid,” he said from London. The investment income from the Public Investment Fund will still come largely from Saudi Aramco, Tuvey said. “Aramco at the end of the day is a big oil company, so the government’s revenue will still essentially be dependent on oil.”
 
The prince said Saudi Arabia has “huge” mining assets it can use to create jobs. The country has 6% of global uranium reserves, which is “another oil that we have not exploited,” he said. Saudi Arabia uses only 3–5% of its mining resources, such as gold, silver and phosphate, he said.
主站蜘蛛池模板: 91精品国产色综合久久不卡蜜| 啊灬啊灬别停啊灬用力啊免费| 亚洲欧美国产国产综合一区| 国产AV无码专区亚洲AV琪琪| 九九久久99综合一区二区| 2022天天操| 欧美日韩亚洲视频| 国自产拍亚洲免费视频| 免费成人在线电影| 中文字幕+乱码+中文乱码| 色狠狠婷婷97| 日本丰满www色| 国产主播精品福利19禁vip| 久久老子午夜精品无码怎么打| 亚洲综合五月天欧美| 欧美丰满熟妇xx猛交| 国产精品嫩草影院在线看| 国产亚洲色婷婷久久99精品| 久久久精品国产| 亚洲人xxx日本人18| 日韩精品一区二区三区中文3d | 免费国产不卡午夜福在线| www.午夜精品| 波多野结衣中文字幕一区二区三区 | 国产精品综合在线| 亚洲AV无码无在线观看红杏 | 老少交欧美另类| 娇小xxxxx性开放| 亚洲熟妇丰满多毛XXXX| 手机看片福利在线| 欧美极品videossex激情| 国产第一页在线观看| 久久婷婷五月综合97色| 羞羞色院91精品网站| 天天干夜夜夜操| 免费a级毛片无码专区| 91av在线免费视频| 欧美精品亚洲精品日韩专区| 国产热の有码热の无码视频| 久久久久亚洲AV无码专区首| 男生女生一起差差很痛|