Chinese investors are at the forefront to buy 1% stake in Saudi Aramco

[hemanthaa@mail.com + 64]

Powerful Chinese investors are at the forefront to buy 1% stake in the world’s largest oil company, Saudi Aramco. The company hopes to raise $ 16 billion by the sale – based on the current market capitalization.

On Tuesday, Mohamed bin Salman, the crown prince of Saudi Arabia outlined his evolved plan of Vision 2030 in a TV interview.

The interview with English subtitles is as follows:

https://www.youtube.com/watch?v=Y1HfRhfHwUc

 

[surrept33 + 609]

Makes sense since Aramco's largest customer is China. 

Last month they announced this: https://www.reuters.com/article/us-china-forum-saudiaramco/saudi-aramco-to-prioritise-energy-supply-to-china-for-50-years-says-ceo-idUSKBN2BD0GK