Reuters reported exclusively that major Chinese investors are in talks to buy a stake in Saudi Aramco, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international investors. Sovereign wealth fund China Investment Corporation (CIC) was among those that could invest, sources told Reuters. Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman earlier said.
Environment
Reuters exclusively reports Chinese investors eye Aramco stake
28 April 2021, 7:21 pm 1 minute
Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story