Abu Dhabi – Mubasher: Saudi Aramco may witness an Initial Public Offering (IPO) in 2018, said Saudi energy minister Khalid al-Falih on the sideline of an energy summit held at Abu Dhabi.
A-Falih said he believes the oil markets will gain its stability following the deal of OPEC producers in respect to cutting the production.
“The demand on oil will increase by 1 million barrel per day in 2017, but the supply may slow down during the upcoming two or three years,” added A-Falih.
Oil prices dropped by more than half in last two years amid the global oversupply that hurt the budgets of the major producing countries.
