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[motoukenin]

Not sure if you have heard but Saudi Arabia are going through a massive privatisation program, they announced a privatisation bill a few weeks ago and are selling off a whole load of national assets.

First to go is the massive Aramco , 5% selling for 2 Trillion (Hugely over valued ) but many other better valued assets including hospitals, sports centres etc.

Or you could look at the China one belt one road initiative.

[diseasex]

Not sure if you have heard but Saudi Arabia are going through a massive privatisation program, they announced a privatisation bill a few weeks ago and are selling off a whole load of national assets.

First to go is the massive Aramco , 5% selling for 2 Trillion (Bit over valued ) but many other better valued assets including hospitals, sports centres etc.

Or you could look at the China one belt one road initiative.

They are selling aramco because the era of oil is gone with emerge of electric vehicles.

[motoukenin]

They are selling aramco because the era of oil is gone with emerge of electric vehicles.

We are using a lot less oil but don't think electric cars are going to completely replace conventional fuel for another 20 - 30 years yet, the low oil price is a direct result of US Shale oil and reduced demand so agree the 2 Trillion value is a bit high. Also the amount of oil they estimate is underground multiplied by the current oil price just doesn't add up either and oil prices will be ceiling'd by the US shale on tap supply.

Waiting to see how the first tranche go before doing anything else.

[diseasex]

We are using a lot less oil but don't think electric cars are going to completely replace conventional fuel for another 20 - 30 years yet, the low oil price is a direct result of US Shale oil and reduced demand so agree the 2 Trillion value is a bit high. Also the amount of oil they estimate is underground multiplied by the current oil price just doesn't add up either and oil prices will be ceiling'd by the US shale on tap supply.

Waiting to see how the first tranche go before doing anything else.

Depends on valuation. My guess is only saudi citizens will get cheap shares.

[Fred Bloggs]

They are selling aramco because the era of oil is gone with emerge of electric vehicles.

Maybe you haven't noticed yet. But there are many major mega projects running in the middle east now to move their economies away from selling oil and gas into the downstream industries which USE oil and gas to make more valuable products to sell on the world stage. This is not by accident. It makes very sound economic sense and will increasingly be the main driving force for a huge diversification of the gulf region economies as they struggle to keep their huge and growing, young populations employed and increasingly away from government jobs.

[diseasex]

Maybe you haven't noticed yet. But there are many major mega projects running in the middle east now to move their economies away from selling oil and gas into the downstream industries which USE oil and gas to make more valuable products to sell on the world stage. This is not by accident. It makes very sound economic sense and will increasingly be the main driving force for a huge diversification of the gulf region economies as they struggle to keep their huge and growing, young populations employed and increasingly away from government jobs.

Yep . Thats the reason they sell Aramco.

[BlasterBates]

For all this talk of electric cars, there is no sign of demand in oil flattening, the glut is caused by excess supply not a slowing in the increase of demand.

Oil supply and demand

[Cirrus]

Yep . Thats the reason they sell Aramco.

The reason they're selling a bit of Aramco is they are dead short of money.

[diseasex]

The reason they're selling a bit of Aramco is they are dead short of money.

Not what I've read but maybe. Any idea when it's going to be floated?

[motoukenin]

Not what I've read but maybe. Any idea when it's going to be floated?

Early next year