Saudi Arabia battles market jitters after oil plant attacks

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 66%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

RIYADH: Saudi energy giant Aramco is battling to reassure markets after devastating attacks on two oil plants, where a prolonged shutdown risks ...

It is a major test for the kingdom's newly appointed energy minister Prince Abdulaziz bin Salman - a half-brother to the crown prince - as the attacks could dampen investor confidence in Aramco's upcoming two-stage stock market debut.

"If they can get production back online pretty quickly - or at least assure the markets they can - you might not see an enormous price spike," Rapier wrote for Forbes online. "All key facilities in the world are exposed to terrorism, so the point here for investors will be to judge Aramco on the speed of recovery from such attacks," said Ali Shihabi, founder of the now-shuttered pro-Saudi think-tank Arabia Foundation.The strikes are unlikely to derail the much-touted initial public offering , but it could undermine investor confidence in the mammoth listing that the government hopes will raise up to US$100 billion.

Unlike other major suppliers like the US and Russia, which rely on numerous producers spread out over large geographical areas, Saudi Arabia's production is reliant on a single entity - Aramco.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 6. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Saudi, Gulf stocks fall after attack on Aramco oil plantsSaudi stocks plunged 2.3per cent as the market opened on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day ...
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »

Saudi, Gulf stocks fall after attacks on Aramco oil plantsSaudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than ...
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »