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Aramco CEO says oil tax will be cut to attract investors to IPO

But he does not say what tax rate Saudi Arabia is considering

Mr Nasser said that the Aramco IPO will include the so-called concession, which comprises the oil and gas reserves of the kingdom.


SAUDI Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering (IPO) - potentially one of the largest in history - more appealing to investors.

"Definitely the fiscal regime will be changed," Saudi...

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