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Following Saudi Oil Attack, Aramco Pushes Ahead With IPO Plans and Restoring Oil Production

October 9, 2019

Via: Forbes

Topline: In the wake of last month’s attack on Saudi Aramco oil facilities, the state oil giant has quickly recovered, aiming to restore full production and forging ahead with its plans for what would be the world’s largest-ever IPO later this year.

  • Saudi Arabia, the world’s largest exporter of oil, will restore full production by the end of November, Aramco CEO Amin Nasser told CNBC on Wednesday.
  • The September 14 drone and missile attacks on Aramco facilities did not reduce revenue and had “no impact” on the planned public listing of the world’s biggest oil company, Nasser added.

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