Aramco Considers Asset Sales to Raise Cash ...Middle East

OILPRICE - Economy
Aramco Considers Asset Sales to Raise Cash
source : OILPRICE ( Middle East ) () 67
Saudi Aramco is reportedly exploring asset sales as a means of increasing the availability of funds to fuel its international expansion and existing operations, according to unnamed sources who spoke to Reuters. The sources told the publication that the Saudi state major had asked investment banks to come up with ideas on how best to make its assets generate some cash. Another two sources told Reuters the asset sales could help Aramco in its efforts to boost the efficiency of its operations and reduce costs. Aramco on Tuesday reported a drop in…

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