By: Amr Adel
Dubai – Mubasher: number of foreign markets including New York, London, Hong Kong, adding to Saudi Arabia, Amin Al Nasser, Aramco CEO, told Mubasher.Saudi Aramco is still considering listing 5% of its stocks in a
He added that this step is expected to be done by 2018.
Aramco CEO noted that the company is looking for new places for oil storage, by the help of Chinese partners, added that it is planning to increase oil extraction from its current level between 50% and 70%.
Nasser assured that oil markets are moving towards rebalancing, which would promote prices by time.
Oil markets have recovered from its lowest levels in January, but it is still weak, he added.
Translated by: Sara Ghali
