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Russian Investors Could Consider Saudi Aramco IPO - Energy Minister

© Sputnik / Maksim Blinov / Go to the photo bankAlexander Novak, Minister of Energy of the Russian Federation, during the Bloomberg Teledebates Shifting Landscape Ushers In A New Era For Global Oil And Gas Markets held at the 2015 St. Petersburg International Economic Forum
Alexander Novak, Minister of Energy of the Russian Federation, during the Bloomberg Teledebates Shifting Landscape Ushers In A New Era For Global Oil And Gas Markets held at the 2015 St. Petersburg International Economic Forum - Sputnik International
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Russian investors could consider taking part in the initial public offering (IPO) of Saudi Aramco in 2018 after its terms are announced, Energy Minister Alexander Novak told Sputnik on Friday.

ST. PETERSBURG(Sputnik) — He spoke on the sidelines of the St. Petersburg International Economic Forum (SPIEF), where Sputnik is the official media partner.

"Conversations about these plans of the Kingdom of Saudi Arabia are being actively conducted. The terms, the price of the issue are still unknown. After the terms of privatization of this high-profile company are officially announced, our investors may also think about possibly participating in this process," Novak said.

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