Saudi Aramco still weighing options for international IPO, says Nasser

Saudi Aramco is still weighing options to select the best international stock market which will host its planned initial public offering (IPO) alongside the Saudi exchange, chief executive Amin Nasser told Al-Arabiya TV on Sunday.

“Studies have included several markets, such as New York, London, Tokyo and Hong Kong, but taking a decision needs more time,” Nasser added.  

The state-run giant oil producer will continue its gas projects, as part of its plans to increase gas production to 20 billion cubic feet by 2019 from current 16 billion cubic feet, he said.