Mubasher: PetroChina announced that it will consider getting involved in the oil giant Saudi Aramco's initial public offering (IPO) next year, Reuters reported on Thursday.
"I think we will make our evaluation and study based on the market situation," PetroChina’s president Wang Dongjin said in a conference.
Aramco’s president had visited China’s Sinopec Corp on Monday and both parties had talks regarding the IPO, which is expected to be the world's largest equity sale, Reuters said.
Saudi Aramco has officially appointed JPMorgan Chase & Co, Morgan Stanley, and HSBC as international financial advisors for its IPO.
The Kingdom is planning to offer about 5% of Aramco through the IPO, which is expected to take place in early 2018, and to list its shares on the Saudi Stock Exchange (Tadawul) and some global bourses.
