"Brother Dong, it's me, did you watch the news?"

"I was watching a news report on Saudi state television. Pen & Fun & Pavilion www.biquge.info"

As he spoke, Wang Dong waved his hand at Serena, who was holding the remote control board, and asked her to turn down the sound of the TV, and then turned on the amplifier on the phone.

"It's not a news program on TV, it's news on the Internet."

It was Zhao Yu who called, but it was Nicholas who said this.

"What's the news?"

When Wang Dong asked, Serena and Luo Qing had already taken out their mobile phones, and Wang Haotian also took out the tablet he was carrying.

"Aramco's IPO."

At this time, Wang Haotian handed the tablet to Wang Dong, and he had already searched for relevant news.

glanced at it, to be precise, it was the first news that was found, and Wang Dong understood what was going on.

A few hours ago, when Wang Dong and his family received the golden key presented by Crown Prince Mohammed, Aramco issued an official announcement.

"Aramco Unilaterally Terminates IPO Talks with New York Stock Exchange !!"

This was the headline, and the Wall Street Journal, the first to officially report on the matter, used three exclamation points.

Is it so important?

"What's that?"

"Brother Dong, you don't even know about Aramco?"

When Nicholas said this, Wang Haotian opened a web page, which was a detailed description of Aramco on an encyclopedia website.

In a narrow sense, Aramco is Saudi Arabia's state-owned oil company.

The company was founded in 1933 as an investment by the American company Mobil Oil and at its peak leased two-thirds of Saudi Arabia.

After several mergers and expansions, Aramco not only controlled all of Saudi Arabia's oil resources, but also had its own administrative system inside the country, building radio stations, ports, airports, schools and hospitals, and even a private security force.

The business not only includes oil extraction, but also monopolizes the entire oil industry chain such as extraction, transportation and processing.

To describe Aramco as an "oil empire" is not an exaggeration.

It was not until the Fourth Middle East War that Saudi Arabia nationalized Aramco with the support of the whole world, in fact, mainly Arab countries.

In fact, it is a bit one-sided.

Negotiations to buy Aramco took several years, and it was not until 1976 that the basic agreement was signed, and four years later, the Saudi government paid the full reparations.

Today, Aramco remains the world's largest oil and gas producer, accounting for one-tenth of the world's crude oil production per day.

As for Aramco's relationship with Saudi Arabia's state-owned oil company, it's actually quite simple.

Eight years after the redemption of Aramco, the Saudi authorities formed the Saudi National Oil Company on the basis of Aramco, as oil prices had been hovering at low levels for a long time.

Originally, the two companies were actually one company, but by different names.

Since then, with the rise in oil prices, Saudi Arabia has begun to develop the oil industry chain, and the Saudi state-owned oil company has begun to enter the refining, petrochemical and other industries.

By the beginning of this century, Saudi Aramco had essentially transformed into a group company, with Aramco as its wholly-owned subsidiary.

In addition, the Saudi state-owned oil company has subsidiaries responsible for exploration, refining and transportation, as well as branches in more than 100 countries.

In other words, Aramco is only nominally a Saudi state-owned oil company, but in fact it is completely autonomous.

Globally, there are many similar companies, such as South Korea's Samsung Group, Japan's Mitsubishi Group, and Huaxia's North Heavy Industries.

If it is compared to a family, Saudi Aramco is the head of the family, and Aramco is a family member.

In fact, both Saudi Arabia's state-owned oil company and Aramco are actually assets of the Saudi government, that is, the Saudi royal family.

In a sense, the Saudi state-run oil company is the cornerstone of the Saudi royal family.

So, it is not difficult to imagine the significance of Aramco's IPO.

You know, Aramco is valued at tens of trillions of dollars!

This assessment was given when oil prices fell to $60 per barrel, and as oil prices rose, their assessments were bound to rise year-on-year.

Quite simply, Aramco controls about 250 billion barrels of recoverable crude oil reserves and exports more than 2.4 billion barrels a year.

What is this concept?

Even if the price of oil is $60 a barrel, Aramco exports $150 billion a year alone, and reserves are worth more than $15 trillion!

In addition, Aramco extracts natural gas.

It is unknown how much undiscovered crude oil and natural gas remains in the oil fields controlled by Aramco, that is, in Saudi Arabia.

Of course, these are theoretical values, and it will take decades, or even hundreds of years, to "realize" them all.

The key is, in fact, IPO.

Aramco represents Saudi Arabia, the world's largest oil reserve, largest oil producer and largest oil exporter.

Theoretically, Aramco's IPO on a country's stock exchange is equivalent to accepting that country's currency.

It is precisely as a result that after the Saudi authorities revealed their intention to list Aramco, the world's major stock exchanges came to the door.

Subsequently, the Saudi authorities and Aramco also sent personnel to New York, London, Frankfurt and Hong Kong.

It looks like the stock exchange is competing for the cake, but in fact, countries are grabbing energy sources.

It was only a few months ago that Aramco was almost confirmed to list on the New York Stock Exchange and formally entered into IPO negotiations with the New York Stock Exchange.

However, it does not mean that it has to be listed on the New York Stock Exchange.

Don't forget, the decision-making power is in the hands of the Saudi royal family.

Not to mention that there are still negotiations, there are still 108,000 miles before the agreement is signed, so what if the agreement is signed? If the Saudi royal family so wishes, it can administratively veto agreements signed in Aramco's name and then negotiate with other stock exchanges.

This is reasonable and legal, and no one can blame the Saudi royal family.

What's more, no agreement has been signed yet.

The question now is, where else can Aramco go if it's not listed on the New York Stock Exchange?

London, Frankfurt?

You must know that tens of trillions of dollars of IPO are by no means something that any stock exchange can digest, and what you look at is the strength of the country behind it.

Especially economic strength!

In fact, this is the key to Aramco's selection of the New York Stock Exchange.

Does Britain have such economic power?

Apparently not!

Not to mention that Britain has left the EU, even if it doesn't, because it has not joined the eurozone and insists on using the pound, the British financial system simply cannot afford it.

What about the European Union, where Frankfurt is located?

The economic strength is indeed enough, and the size of the financial system is not small, but the EU is not a sovereign government, and the risks are too great.

Looking at the world, there is only one country with such economic strength except the United States.

This country is Huaxia.