Heinz-Peter Bader | Reuters
Russia’s Energy Minister Alexander Novak (L) and Saudi Arabia’s Energy Minister Khalid al-Falih leave a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016.
Saudi Arabia’s energy minister told CNBC on Thursday that progress is being made in preparations to launch state oil group Saudi Aramco on the international stock market.
Speaking at an energy industry panel moderated by CNBC in Moscow, Khalid Al-Falih, who is also chairman of Saudi Aramco, said that the IPO (initial public offering) was set to happen in the second half of 2018.