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Comment: The IPO would have meant increased international scrutiny, and with other funding sources emerging, Saudi Arabia can afford to sidestep it a while longer, writes Courtney Freer.
The IPO of the Saudi Arabian Oil Co. remains a major plank of 32-year-old Crown Prince Mohammed bin Salman's economic plans for the kingdom.
The proposed Aramco IPO was the centerpiece of Crown Prince Mohammed bin Salman's "Vision 2030" reform programme, which aims to wean the economy off its reliance on oil revenues.
The state-owned oil giant is looking to boost its petrochemicals portfolio to help attract investors ahead of its much-touted stock market listing.
Yemen's Houthi rebels claimed that a drone attack was the reason for a fire at a Saudi Aramco plant on Wednesday. The oil giant has denied the claims.
A shake-up of Saudi Aramco's management has seen a number of new faces enter the boardroom, including the first woman.
Saudi Aramco's profits surpass some of the business world's biggest names, with net income in the first six months of 2017 estimated at $33.8 billion.
The UK could damage its 'good reputation' for corporate governance if it relaxes rules to allow the stock market listing of oil firm Saudi Aramco, a lawmaker has warned.
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.