What is Saudi Aramco?

Saudi Aramco floats investments despite delayed IPO

The world’s largest initial public offering is on hiatus. The spending it was to enable may not be. Saudi Arabia planned to take its giant oil company, Saudi Aramco, to the public markets. It was to be the linchpin of a grand economic vision, generating billions of dollars to pay for future-proofing the kingdom’s economy, […]

What is Saudi Aramco?

What is Saudi Aramco?

1933: Saudi Aramco is born out of an agreement between Saudi Arabia and California-based oil company Socal. This agreement, like many granted to big U.S. and British oil companies at the time, gave it the exclusive right to explore and extract oil on Saudi territory. 1944: The California Arabian Standard Oil Company was renamed the […]