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“For instance, if you were already a strategic investor or plan to become one in the long-term, things would become easier.” The State Council Information Office, CIC, Sinopec and Petro China did not respond to requests for comment.
“The IPO will help decide whom, or which country, can secure the crude supplies from the company and Saudi Arabia going forward,” the person said, adding the size of each company’s stake in the Chinese consortium would depend on its current relationship with Aramco and the Saudi government.
One person involved in discussions between Aramco and potential Chinese investors said the ultimate size of the consortium’s stake had not yet been decided.
That source said the entity that would lead the consortium had also not been decided, with many state-run groups keen to take on the high-profile role.
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