New Saudi Energy Minister Prince Abdulaziz bin Salman has underlined the importance of regulation for Saudi Aramco.
ABU DHABI — New Saudi Energy Minister Prince Abdulaziz bin Salman has underlined the importance of regulation for Saudi Aramco, the world's largest oil company, as it gears up for a long-anticipated initial public offering .
"I have no doubt in my mind that emphasizing the separation between Aramco, the corporate, and the ministry as regulator is a must," he told CNBC contributor Helima Croft at an audience of delegates at"The regulator cannot be a person, the regulator has to be an institution. That regulator role has to be defined, and the contours of the role of the regulator has to be understood," he added.
A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Nov. 13, 2018.
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