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Saudi Aramco may make an announcement about its IPO as soon as October 20

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    Saudi Arabia’s national oil company may unveil its plans for an initial public offering (IPO) in less than a month. Sources with knowledge of the matter told Bloomberg that Saudi Aramco was likely to make an official announcement on its plans for the stock float, which may yield a valuation of $2 trillion, around October 20.

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    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.