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Saudi Aramco talking to credit rating agencies before bond deal

Saudi Aramco is talking to credit rating agencies ahead of its landmark bond deal. (File photo: Reuters)

Saudi Aramco is talking to credit rating agencies ahead of its landmark bond deal, the chief executive of Saudi Arabia's state-owned oil company told Bloomberg television.

CEO Amin Nasser also said in the interview that a decision would be made soon about the size of the deal.

In an interview with Reuters, Nasser said that Aramco – which already owns Motiva, the biggest US oil refinery - wants to increase its US investments.

“We have agreed to bring an additional $10 billion in the Motiva refining complex,” he said at the World Economic Forum in Davos, Switzerland.

“We do have appetite for additional investments in the United States. Aramco’s international gas team has been given an open platform to look at gas acquisitions along the whole supply chain. They have been given significant financial firepower - in the billions of dollars,” he added.

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Last Update: Tuesday, 22 January 2019 KSA 21:51 - GMT 18:51
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