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Will Aramco deliver world record profit for IPO in 2018?

With more than double the output of Exxon and vast reserves, it's said to be worth its US$2 trillion valuation

Aramco could prove hugely profitable, given its oil output of about 10m barrels per day (bpd) and some of the world's cheapest crude recovery rates, alongside its global refinery network.


WHEN oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a US$2 trillion valuation in its initial public offering (IPO).

Investors have long debated whether...