Posted inMiddle EastSaudi Arabia

Western majors’ woes may not help Gulf oil firms

Saudi Aramco’s initial public offering (IPO) is wending its way toward its dénouement, and the world’s largest petroleum conference is taking place this week in Abu Dhabi. Major international oil companies, on the other hand, are reporting slumping profits and investment. These events suggest a sharp divide between Middle East state-owned energy giants and their […]