Major Chinese investors, including the sovereign wealth fund China Investment Corporation (CIC) and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company in the world according to Reuters sources
Major Chinese investors in talks to buy stake in Saudi’s oil firm Aramco
Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international investors.
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 said in televised remarks on Tuesday.
A stake of 1% would equate to around $19 billion based on Aramco’s current market capitalisation.
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Qatar s former Prime Minister, Hamad Bin Jassim Al Thani, yesterday warned of the repercussions of the intense competition between the United States and China on the Gulf region s and called on th.