World’s Most Profitable Corporation: Aramco
Saudi Arabia plots new path to long-delayed Aramco IPO
- Saudi Arabia’s energy minister says long-delayed IPO for state oil giant Aramco will occur in 2021.
- Aramco releases independent audit of oil and gas reserves and promises more financial information ahead of bond offering.
- The moves further prep the market for the IPO, which is expected to be the largest ever.
by Tom DiChristopher | @tdichristopher Thu, 10 Jan 2019
Saudi oil giant Aramco is undertaking a series of moves that may pave the way for a long-delayed stock market debut.
The kingdom plans an initial public offering for Aramco in 2021, Saudi Energy Minister Khalid al-Falih said during a news conference Wednesday. Falih backed the latest target for the IPO with several announcements that would essentially prep the market for the debut, which is expected to be the largest ever.
Saudi Arabia on Wednesday released the results of an independent audit that confirms the kingdom controls more than 260 billion barrels in oil reserves. The assessment makes the metrics behind the world’s largest energy company — long the subject of skepticism — a bit less opaque to potential investors in Aramco.
“This certification underscores why every barrel we produce is the most profitable in the world, and why we believe Saudi Aramco is the world’s most valuable company and indeed the world’s most important,” Falih said in a statement.
Falih later announced Aramco will issue bonds in the second quarter of this year. In order to tap the debt market, Aramco will release additional financial information, offering a wider glimpse into a private company whose inner workings are a closely held secret.
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Ed. note: First glimpse at the graph below of the Saudi state oil giant Aramco finances show that Aramco churned out $33.8bn in net income in the first six months of 2017. Read that number again: “$33.8 billion in the first six months of 2017”. That is a staggering amount of profit. Aramco is 20 percent owned by the British-installed Saudi royals thanks to the intrigues of Lawrence of Arabia, and 80 percent owned by foreign oil cartels.
Aramco is so profitable it turns out more profit than all the other oil cartels combined. With this kind of profitability it isn’t likely Saudi Arabia will break free from its dependence on oil any time soon, besides, it will require $500 billion to finance its planned mega-city. If Saudi Arabia commences the construction of this mega-city, the technological infrastructure will more than likely come from Israel.
Ed. note: Whoever originally thought of this art in the form of a piece of candy standing at the World Trade Center site in New York was a bad idea. It seems as though the New York Port Authority is preparing it take this art down as more revelations of Saudi Arabia’s complicity in the events of 9/11 are becoming known. As this material is read the reasons why might become a little clearer. Everything we think we know about 9/11 including our world is about to be deconstructed.
Ed. note: With these enormous Aramco oil profits come weapons and munitions sales in the billions. Weapons include 150 Lockheed Martin Blackhawk helicopters, tanks, artillery, light close air support, intelligence-gathering aircraft and the THAAD (Terminal High Altitude Area Defense system) missile system. All the gear required for a possible military assault on Iran as Israel, Saudi Arabia and the Gulf states move closer together.
Ed. note: Since the events of September 11, 2001 the countries of Saudi Arabia and Israel have grown closer together. So close in fact, Saudi Arabia and Israel are moving towards a reported “peace deal” in which not only Saudi Arabia, but the Gulf states are moving to accept Israel. Up until 9/11, the thought of Saudi Arabia and Israel working closely together rarely if ever received attention. Just how far back does this cooperation go? Back prior to September 11, 2001? Most of the news reports on Saudi-Israel cooperation go back to 2010. Saudi Arabia and most of the gulf state nations are predominantly Sunni Islam, while Iran is predominantly Shiite. In a news article published October 12, 2012 evidence is presented Saudi Arabia might have been financing Israel’s Mossad. Considering Saudi Arabia’s massive oil profits it isn’t too hard to imagine the Saudis financing an attack on America in 2001.
Ed. note: Iran has been repeatedly accused of supporting terrorism including backing for ISIS and Al Qaeda. A rather preposterous claim considering all the Israeli and American weapons and munitions showing up in Syria now admitted by Israel used by ISIS and Al Qaeda. There was a vast transport network in place over the past several years to funnel weapons into Syria for the Islamic mercenary terrorists destroying Syria for the past 7 years. Israel and Saudi Arabia are among several nations that continue to accuse Iran of “fueling regional conflicts by supporting armed Shiite movements in Syria, Iraq, Yemen and Bahrain”.
At some point in analyzing this material, it wouldn’t be out of the question to consider the possibility Iranian, Israeli and the Saudis are working close together coordinating (the “hidden hand” of the Muslim Brotherhood) these events for an eventual collision. Iran’s President Hassan Rouhani has a M.Phil degree in law from Glasgow Caledonian University in Scotland received in 1995. Iran and Britain now have diplomatic relations with an Iranian embassy restored in London. The bond between the Vatican and Iran has endured longer than that of the US relation with Iran. There has already been evidence appearing Israel and Saudi Arabia have been working together to foment war in the region. This explains the constant attacks on Syria by Israel attempting to destroy Hezbollah munitions and weapons depots allegedly brought into Syria by Iran.
Ed note: This continued working relationship between Israel, Saudi Arabia, Egypt and the Gulf states, became closer when Israel’s head of Mossad Yossi Cohen, met with his counterparts from these countries. The reason for the meeting as was reported in this link, was reportedly because “Ankara has become a bigger threat than Tehran”. With the recent exchange between Turkey’s Recep Tayyip Erdogan and the US National Security Advisor John Bolton, this has become even more apparent. Turkish President Recep Tayyip Erdogan suddenly canceled his planned meeting with National Security Adviser John Bolton. This turned out to be a major embarrassment for President Trump that further complicates Trump’s pulling the US military out of Syria. Erdogan even went so far as to threaten the US that if its military wasn’t pulled out of Syria it would strike.
Ed note: The threats being exchanged between Iran and Israel continue, with this most recent Israeli IDF threat to the Islamic Revolutionary Guard Corps commander Gen. Qassem Soleimani as, “overseeing Iran’s deepening military presence in Syria.”
Ed note: News appeared last year early December, 2018 Israel’s IDF discovered what they sensationally claimed were “Hezbollah attack tunnels” along the border with Lebanon. Israel made a big deal out of these tunnels and it was blasted all over the media including at the Council on Foreign Relations. With such reporting of these “attack tunnels” by all the major media outlets one can’t help but wonder if these tunnels weren’t fabricated? Fabricated to cover for the IDF’s being compromised on its failed raid into Gaza using spies when Hamas turned the cards on Israel.
Ed note: After all these years as “mortal enemies”, so we’re led to believe, and with Israel’s advanced military technology including drones, these “Hezbollah attack tunnels” weren’t discovered any sooner than last year December, 2018? This would give Israel another excuse to move into Lebanon considering Israel lodged a complaint at the UN condemning these “attack tunnels.” What is Hezbollah going to do, launch a full scale military assault on Israel through primitive tunnels?
Ed note: What is a likely scenario considering the evidence, is that Saudi Arabia and Israel will achieve a peace agreement and then draw closer together picking up momentum in the region for an eventual war on Iran. Although it is gaining momentum, geopolitical events in the region will probably culminate in a war against Iran as Israel working closely with Saudi Arabia and China to develop China’s Belt & Road Initiative (BRI) “knocking Iran out of the loop”.
Ed note: Evidence continues to be revealed that Russia is also working very closely with Israel. The interesting part of this information is that it is coming from sources inside Israel. It turns out now that previous news on why Avigdor Lieberman, who was Israel’s Defense Minster, resigned was false. Avigdor Lieberman is a Soviet-born Russian. He was allegedly “told to resign by Russian officials” and not related to his disagreement on Gaza.
From the materiel presented in the linked article below, the Russians are taking an active interest in assuring Israel’s Netanyahu stays in power. Where is a balance achieved in all this considering the US provides billions of dollars of aid, weapons systems, munitions, technology and who knows what else, while Russia simultaneously is deeply embedded inside Israel?
“A confidential Israeli security source tells me that the recent resignation of Avigdor Lieberman from the governing coalition was not motivated by his dissatisfaction with Israeli policy toward Gaza, as the former defense minister stated at the time. Rather, he was told to resign by Russian officials. The latter want to aid Bibi Netanyahu in his effort to retain power in upcoming elections.”
Ed note: Some of the best news reporting is coming out of Israel. After reading this news from The Times of Israel, readers will start picking up excellent clues on not just how close Russia is becoming with Saudi Arabia, but Israel as well.
Ed note: Finally, people in American institutions are responding to Russia correctly: