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Saudi Arabia's state oil giant Aramco has closed its crude oil refinery in Jeddah indefinitely, according to industry sources, although it is not expected to impact on the kingdom's output.
The UK will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.
Saudi Arabia has called for the New York stock market to handle the public listing of Saudi Aramco, what's expected to the world's biggest IPO.
Saudi Arabia's oil minister has tried to reassure the country and possible investors about rumours emerging this week that a planned IPO of state-owned oil giant Aramco could be shelved.
Chinese state-owned oil companies are reportedly looking to directly purchase a five percent share in Saudi Aramco that the kingdom is considering listing as an IPO in 2018.
Saudi Arabia is keeping its options open on the sale of Aramco shares, following reports that the IPO could be limited to the Riyadh stock exchange.
Oil prices have increased after Saudi oil giant Aramco announced cuts in supplies to the Asia market.
Saudi Arabia's state oil company Aramco has delivered the first two oil shipments to Egypt after deliveries were suspended for several months over political differences, an oil ministry spokesperson said.
Cairo and Riyadh continue to deny that rising tensions caused the halt in oil shipments, which are due to resume 'very shortly'.
Saudi Arabia oil giant Aramco is set to go public next year in probably the world's biggest IPO. Added to its portfolio is a new investment in Malaysia.