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Saudi Energy Minister: Aramco’s evaluation will be a pleasant surprise

Published: Updated:

Saudi Arabia’s Minister of Energy Industry and Mineral Resources, Khaled al-Faleh, told reporters that all the news currently circulated about Aramco’s evaluation are mere speculation.

Al-Faleh said that the company will be thoroughly evaluated by independent institutions, adding that the final evaluation will be a pleasant surprise for potential shareholders.

The Saudi oil comopany enjoys low expenses compared to its high revenues and reserves, Al-Faleh added.

The minister concluded by stressing that potential shareholders will be investing their money based on precise and accurate information regarding the company’s assets.