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Aramco cancels IPO

Saudia Arabian state-owned oil company Aramco's listing is apparently being called off.

Saudi Aramco IPO pushed back to 2019

Saudi Arabian officials have informed their British peers that it is unlikely that Saudi Aramco will complete its initial public offering in 2018.

Saudi Aramco's IPO plans criticized in London

A series of investors call for the London Stock Exchange to reject state-owned oil major Saudi Aramco's plans to list 5 percent of the company in London. The size is too small, critics say.

Saudi shipyard to secure future of the country's economy

Plans for a new giant shipyard in Saudi Arabia worth about USD 6 billion form part of the country's strategy to relieve dependence on especially the oil market. "This is with the future in mind," a source close to the project tells ShippingWatch.

Saudi Arabia will invest billions in giant shipyard

A giant shipyard in Saudi Arabia will supply supply the country's oil industry with tanker vessels and rigs while also helping to create more than 10,000 jobs. Saudi Aramco and Hyundai Heavy Industries are part of the joint venture behind the yard. Investments will total billions of dollars.

Aramco CEO on low oil price: We are not worried

The CEO of Saudi Aramco is not worried about the low oil price. The country will continue to invest in new oil and gas projects in the long term, and the anticipated IPO of the national oil company is right on track, he tells Bloomberg News.

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