Rosneft unlikely to participate in Saudi Aramco’s IPO

Rosneft would probably not participate in the potential initial public offering (IPO) of Saudi Arabian Oil co. (Saudi  Aramco), Reuters reported, citing CEO Igor Sechin.

The largest oil exporter is expected to list shares on the Saudi Stock Exchange (Tadawul), and on at least one global bourse, in what is likely to be the biggest share sale in history.

Earlier this month, King Salma met Russian President Vladimir Putin in Moscow, where they agreed to jointly invest billions of dollars in projects.