Saudi Aramco looks more likely to sell refining and petchems interests rather than an overall stake as executives have moved to clarify the firm’s plans.
 
Saudi Arabia’s Deputy Crown Prince Muhammad bin Salman, head of the kingdom’s new Council of Economic and Development Affairs, has shaken the oil industry by means of a 7 January Economist interview in which he says the company is contemplating an initial public offering (IPO) of shares.
 
The state-owned...