Naimi indicated that oil prices are set by the market and it is difficult to talk about events stemming from future acts, hoping that stability remains in the market and prices are maintained for producers and consumers. In implementation of the King's directive, at least of 25 percent of Petro-Rabigh project will be offered for citizens' public subscription, Al-Naimi said. He pointed that the project's capital is nearly $ 10 billion and it is divided equally between Saudi Aramco and Sumitomo Company, emphasizing the importance of the project to achieve the Kingdom's strategy and to attract the largest foreign investment to the Kingdom. Responding to another question on offering part of Saudi Aramco activities and other companies for public subscription, the Minister of Petroleum and Mineral Resources indicated that Maaden Company will offer more than 50 percent of its share in the financial market for public subscription, adding as for Aramco projects this is the first offer and there are coming large projects that will be partly offered in the market to support it and expand the economic base in the Kingdom.
