ISTANBUL Oct 11 Saudi Aramco feels
"comfortable" that by 2018 oil prices will have recovered and
the market conditions will be right for what could be the
world's largest public listing, its chief executive Amin Nasser
said on Tuesday.
Speaking at the World Energy Congress in Istanbul, Nasser
said that all markets were still being considered for the
initial public offering (IPO) of up to 5 percent of Aramco. He
also said the company plans to invest $300 billion over the next
decade, with the focus on gas.
Saudi's Deputy Crown Prince, Mohammed bin Salman, unveiled
ambitious plans earlier this year aimed at ending the country's
"addiction" to oil and transforming it into a global investment
power. The listing of less than 5 percent of state-run Aramco is
a centrepiece of that effort.
(Reporting by Ron Bousso; Writing by Nick Tattersall)