Since Saudi Arabia said last year that it planned to sell a small portion of its crown jewel Aramco, analysts and industry specialists have been questioning the Kingdom’s evaluation of the oil giant – a mind-boggling US$2 trillion. As the provisional timing set for the IPO – 2018 – is drawing nearer, Saudi Aramco has been busy picking advisers for what would be the world’s biggest share sale ever, if the company were indeed to be valued at around that US$2 trillion figure. Meanwhile, analysts have been trying to put a price tag on the oil giant using metrics such as cash flow expectations and the current tax regime for the company in Saudi Arabia, rather than just multiplying the 261 billion barrels of crude oil and condensate reserves Aramco claims to have by US$8, a benchmark to value reserves. The latest evaluations of the company put its value […]