Fires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: ReutersFires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: Reuters
Fires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: Reuters
Business /  Companies

‘Impossible to proceed’ with Aramco IPO as investors fear ongoing attacks on Saudi oil facilities

  • Aramco officials are growing less optimistic about a rapid recovery in oil production, sources say
  • Analysts now see a US$1.5 trillion valuation for Aramco as more realistic, down from US$2 trillion as desired by Saudi Crown Prince Mohammed bin Salman

Topic |   IPO
Bloomberg
Bloomberg

Updated: 9:37pm, 16 Sep, 2019

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Fires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: ReutersFires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: Reuters
Fires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: Reuters
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