Gulf oil companies weigh up more asset sales


Issue 1147 - 22 May 2022 | 1 minute read

Saudi Aramco is said to be considering a stock market listing for its Aramco Trading arm. Analysts have predicted the unit could be valued at more than $30bn. Omani state energy company OQ is reportedly considering a sale of shares in some of its upstream and downstream assets. Meanwhile, Bahrain’s Nogaholding is due to complete a comprehensive energy strategy in six months, which could pave the way for an “asset monetisation” programme.

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