The Traderszone Network

Published in TZ Latest News 25 January, 2016 by The TZ Newswire Staff

Saudi Aramco chairman defends oil giant’s possible IPO move

RIYADH, Saudi Arabia (AP) — The chairman of Saudi Arabia’s state oil giant said on Monday that plans for a possible initial public offering are not being driven by a need for cash amid a global slump in oil prices, but instead signal a desire for greater openness to outside investors.