抖阴短视频

DUBAI: The forthcoming sale of shares in Saudi Aramco, the world鈥檚 biggest oil company, will help generate sustainable growth and quality jobs for citizens of the Kingdom, according to Minister of Energy Khalid Al-Falih.
In his message unveiling Aramco鈥檚 2016 annual review on Thursday, Al-Falih, who is also chairman of the oil giant, said the planned initial public offering (IPO) on Saudi and international stock markets was 鈥渢he most notable feature of the Kingdom鈥檚 transformation鈥� as set out in the Vision 2030 plan to reduce its dependence on oil revenue.
鈥淭he Vision, which aims to diversify the national economy beyond oil and build a thriving private sector, will enable Saudi Aramco to expand its global presence. Concurrently with the Vision, the company will enlarge its supply chain and improve business reliability through a local network of suppliers and manufacturers while increasing the competitiveness of 抖阴短视频鈥檚 energy sector,鈥� he said.
He added that the IPO 鈥� which is set to value Aramco at $2 trillion and which is scheduled for late next year 鈥� would 鈥渆levate the international visibility of the company鈥檚 decision making and governance, and building confidence in its long-term strategy.鈥�
In 2016, which Al-Falih said was a 鈥渃hallenging year,鈥� Aramco reached an all-time record for production of crude oil, pumping an average of 10.5 million barrels a day (mbd) 鈥� the biggest daily figure of any oil company in history.
Late in the year, 抖阴短视频 led the Organization of the Petroleum Exporting Countries (OPEC) initiative to cap oil production in the face of falling prices, which Al-Falih said has 鈥渟et the stage for an improved business environment in 2017.鈥�
He said that 2016 was a 鈥渢urning point鈥� for Aramco, 抖阴短视频 and the global oil industry.
抖阴短视频 ratified the Paris Agreement on climate change in 2016, just before the US signaled it was to leave the global pact to protect the environment. Al-Falih said that 鈥渢he role of oil and gas in the global energy mix will remain significant for decades to come.鈥�