Aramco IPO part of a bigger plan
The Saudi state-owned producer is aiming for a formidable network of midstream and downstream assets
Saudi Aramco’s IPO is an integral part of the country’s Vision 2030, which is designed to channel the kingdom’s oil wealth into building a higher value-added economy. Engineering and petrochemicals development are key target areas of the masterplan, which includes dozens of large infrastructural and industrial projects worth hundreds of billions of dollars. “The success of Aramco's planned IPO is contingent on the company's ability to convince investors that it can generate value across the full product cycle,” says George Voloshin, a senior analyst at Aperio Intelligence, a UK-based strategic intelligence company. “For now, there is too little to show for Saudi Aramco's diversification str
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
