SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
(Energy and Industry)
Filter PR by
  
Saudi Energy Minister to Bloomberg TV: No plans to deepen oil production cuts
Riyadh, Monday 8 April, 2019:   Khalid Al-Falih, Saudi Arabia’s Energy Minister, said the Kingdom does not plan to deepen its oil production cuts. He added that oil markets are “healthy.” 
 
Speaking to Manus Cranny, Bloomberg Television, Al-Falih said that the OPEC+ meeting in May will be a “key” gathering. He added that it’s still “premature” to decide if they will cut inventory. 
 
Other highlights from the interview include:
  • Investor demand for Saudi Aramco’s debut dollar bond has exceeded $30 billion, Al-Falih said. The securities, which haven’t priced yet, will be the first of many debt offerings by the company.
  • Al-Falih said he still hopes that Saudi Arabian Oil Co., as the company is formally known, will proceed with an initial public offering in 2021.
  • Aramco will have a “permanent presence” in capital markets, Al-Falih said, and in a couple of years investors will be able to buy either the company’s stock or bonds.

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 2933 times
PR Category : Energy and Industry
Posted on : Monday, April 8, 2019  4:21:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
AIGNER - Mother's Day [19516-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [18651-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [18220-Views]
Why User Experience is Essential for Travel Business Growth? [17175-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holidays Hotel X... [16584-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [14243-Views]
Expedia Partner Solutions (EPS) Partnered with Global Innovations [13296-Views]
Discover the Secret to Radiant Skin [12497-Views]
Darussalam Launches New Website to Increase Market Reach [12349-Views]
The Season of Fashion Revival with AIGNER [9213-Views]
Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Review MENA 2020 Summi... [7839-Views]
Forrey & Galland Launches a New Concept in Saudi Arabia [6913-Views]
Kristina Fidelskaya Press Release AW2020 [6043-Views]
Bosch Celebrates the Opening of It's Largest Flagship Store in the Middle East [4686-Views]
Saudi Arabian Military Industries to Showcase Opportunities Within KSA Defence Sector at Global Aero... [4572-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4563-Views]
Honeywell, Saudia Aerospace Engineering Industries Lead the Way in Middle East Aircraft Maintenance [4379-Views]
Arla Foods Introduces New Baby&me Organic Products to Saudi Arabian Market [4289-Views]
Kingdom of Saudi Arabia Leads with World's First National Hyperloop Study, in Partnership with Virgi... [4063-Views]
UK's Georgia Hall Amongst Golf Stars Confirmed to Compete in Saudi Ladies International Next Month [3514-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories