World s top fossil-fuel bosses deride efforts to move away from oil and gas - Business namibian.com.na - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from namibian.com.na Daily Mail and Mail on Sunday newspapers.
Saudi Arabia says it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund. The announcement comes as the oil firm is valued at just under $2 trillion. Saudi Crown Prince Mohammed bin Salman, the assertive son of King Salman, made the decision to transfer the stock.