The Aramco IPO fog has been partly cleared up, after Amin Nasser, Aramco’s CEO, opened up to the press during a meeting at the World Economic Forum (WEF) in Davos, Switzerland. What some already expected has now become clear, Aramco’s much anticipated Initial Public Offering (IPO), will be mainly targeting downstream assets. Even though Nasser did not explicitly state this, looking at remarks made previously by Saudi Minister of Energy Khalid Al Falih, the picture is clear. As Al Falih clearly stated, the only one having ownership…
