Saudi Arabia battles market jitters after oil plant attacks

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

It is a test for the kingdom's newly appointed energy minister Prince Abdulaziz bin Salman as the attacks could dampen investor confidence in Aramco's upcoming stock market debut.

DRONE ATTACKS. Smoke billows from an Aramco oil facility in Abqaiq about 60 kilometers southwest of Dhahran in Saudi Arabia's eastern province on September 14, 2019. Photo by AFP

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 $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:

 /  🏆 4. 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。

Drone strikes on Saudi Arabia ripple across oil market, diplomacyHere is what we know about the implications of the strike on the world's largest oil processing facility and nearby Khurais, which hosts a massive oil field.
ソース: rapplerdotcom - 🏆 4. / 86 続きを読む »