Saudi set to sell major stake in Aramco to Chinese investors
Chinese investors manoeuvring to take major share of Aramco, reports Reuters.
Reuters reports that major Chinese investors are in talks with Saudi Arabia to buy a sizeable stake in Aramco, Saudi Arabia’s state oil firm.
Crown Prince Mohammed bin Salman said Saudi Arabia was in discussions to sell 1% of Aramco to a “leading global energy company” and may offload further shares within the next one to two years.
Two sources have told Reuters that China Investment Corporation was among the the companies that might invest.
“The kingdom does have close relations with China,” said a third source, who is close to Aramco. “The major shareholder will decide what to do with their shares.”
