Riyadh is still working to secure a $2 trillion valuation for Aramco ahead of its IPO

As the launch date for Saudi Aramco’s initial public offering (IPO) approaches, officials in Riyadh are reportedly making a last-ditch effort to secure a valuation of $2 trillion for the company. Reuters reported on November 1 that representatives of the Saudi national oil company (NOC) and its advisors were in talks with investors with the aim of reaching that target figure.

Posted by Jennifer Delay Iacullo

Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.

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