Saudi Aramco CEO: Oil-Tax Rate Would Be Reduced for IPO

The transcript discusses Saudi Aramco's plans for an IPO, targeting the second half of 2018. It covers the selection of banks and markets for listing, including potential markets like New York, London, and Hong Kong. The discussion also addresses the inclusion of reserves in the IPO and potential changes to the tax regime. Future investment priorities include expanding refining and petrochemical capacities globally.

What is the planned timeline for Saudi Aramco's IPO?

• Second half of 2019

• First half of 2019

• Second half of 2018

• First half of 2018

Which markets are being considered for Saudi Aramco's listing?

• Saudi Arabia and Canada

• Saudi Arabia, New York, London, Hong Kong

• Only Saudi Arabia

• Only New York and London

What is the main concern regarding Saudi Aramco's reserves in the IPO?

• Whether reserves will be included in the IPO

• The quality of the reserves

• The cost of extracting the reserves

• The location of the reserves

What is the current tax rate faced by Saudi Aramco?

• 50%

• 70%

• 85%

• 90%

What change is expected in Saudi Aramco's fiscal regime?

• No change in tax rate

• Introduction of new taxes

• Decrease in tax rate

• Increase in tax rate

What is Saudi Aramco's target for gas production over the next decade?

• 12 billion cubic feet

• 23 billion cubic feet

• 15 billion cubic feet

• 20 billion cubic feet

Which area is Saudi Aramco expanding in both the Kingdom and globally?

• Natural gas

• Oil exploration

• Renewable energy

• Petrochemicals