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State-owned oil giant Aramco has transformed Saudi Arabia into a regional giant. Now, it is on the verge of being privatised, according to one of the kingdom's most powerful princes.
South Korea's KNOC has signed an oil storage agreement with Saudi oil giant Aramco to reserve 5.3 million barrels for five years.
The report come after Crown Prince Mohammed bin Salman said a 'leading global energy company' was in talks to buy a one percent stake in Aramco.
The energy giant took reporters to the distribution facility where damage to the tank was visible the day after the attack.
Saudi Arabia's Aramco will increase oil production to 13 barrels a day after a global slump in oil prices.
Newly released US findings into the Aramco drone attacks claim there is a 'high likelihood' the oil facilities were struck from the north, rather than Yemen in the south.
Oman Oil will be the latest Gulf energy giant to sell shares to the public.
A source cited by AFP has said that Saudi Arabia's long-awaited IPO of Aramco will begin on Sunday.
Saudi and US investigators are reportedly of the opinion that Saturday's attacks on Saudi Arabian oil processing plants were launched near the Iraq-Iran border.
Drone strikes against oil facilities in Saudi Arabia has prompted the US President to tweet his economic and military support for his allies in the region.