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Saudi mulls delay to foreign part of Aramco IPO

Bloomberg Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year. A two-stage Saudi Aramco IPO is one of several options being considered, the people said, asking ...

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Riyadh Metro invites firms to bid on branding stations

RIYADH / Reuters The $23 billion Riyadh Metro launched an auction on Sunday for private companies to name and advertise in select metro stops when the system opens in 2019, an initiative that could generate millions of dollars to help cover operational costs. Construction on the 176-kilometre (110 miles) metro began in 2014 after contracts were awarded to consortiums headed ...

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China buys rare Norway LNG cargo

BEIJING / Reuters China has bought a rare cargo of liquefied natural gas (LNG) from Norway, Reuters shipping data shows, the latest sign that the world’s second-largest economy has rushed to increase spot purchases to ensure fuel supplies ahead of the coming winter. Trade flow data on Thomson Reuters Eikon shows LNG tanker Grace Cosmos, with a cargo of 143,625 ...

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