By Tsvetana Paraskova

Saudi Aramco’s much-hyped initial public offering is “most likely” to take place in 2019, Saudi Energy Minister Khalid Al-Falih said on Friday, likely confirming that plans for the IPO have been pushed from this year to next.

“We’re simply waiting for a market readiness for the IPO,” al-Falih said at the St. Petersburg International Economic Forum in Russia.

Since the Saudis initially floated the idea to list 5 percent in their state oil giant, officials had been insisting that the IPO will take place in the second half of 2018, until in March al-Falih himself hinted that there might be a delay and the share sale could slip to 2019.

Read more...http://energyworthonline.com/2018/05/27/saudis-say-aramco-ipo-most-likely-in-2019/