Al-Faleh expected demand for Aramco's bonds to exceed $ 30 billion, according to Reuters.
He added: We hope that Aramco's acquisition of SABIC will be closed within 6 months and that the Public Investment Fund may decide to exit from non-strategic assets.
Al-Falih emphasized that the oil market is heading towards balance, saying: We are approaching a stage of stability in oil stocks, but we still need to reduce them and that the meeting of the Joint Ministerial Monitoring Committee of the OPEC rally will be Central to the decision to extend the current cuts.
He continued: I do not see a need to further reduce the Kingdom's production more than the target.
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