Date: 7 months ago   Category: Energy

Sechin has allowed refusal of Saudi Aramco of the IPO because of sanctions of the USA — Rambler News Service


Photo: globallookpress.com Primary public placement (IPO) of Saudi Aramco can won't take place because of influence of sanctions of the USA on the financial markets, the head of Rosneft Igor Sechin considers. "The sanctions rhetoric negatively affects also the financial markets, complicating capital movements and increasing the cost of attraction of investments. It could become one of the replacement reasons of the being expected IPO of Saudi Aramco on the transaction on acquisition of the Saudi petrochemical company SABIC long ago", - Sechin has told during the performance at the Euroasian economic forum in Verona. He has added that Rosneft nevertheless believes in success of the transaction on a conclusion of the company to the public markets planned by the leadership of Saudi Arabia.

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