Saudi Aramco in stake sale talks with Chinese investor

The initial public offering is expected to be the world’s largest stock sale, and is a key component of the Saudi government’s economic reform program which aims to diversify the desert kingdom away from its reliance on oil exports. A private placement of shares in the state oil company to a Chinese investor is being evaluated as a precursor to the international IPO, according to two sources who spoke on condition of anonymity as the information was not public. Source Reuters

Turkey, Iraq to mull over joint actions against KRG’s independence bid

Turkey and Iraq will hold talks over the weekend at the prime ministerial-level in Baghdad in order to coordinate measures to be taken against the Iraqi Kurdistan Regional Government’s (KRG) independence bid, including oil and economic trade sanctions. Source: Hurriyet Daily News

Saudi King Arrives In Moscow, With Energy, Syria Likely On Agenda

Saudi Arabia’s King Salman has arrived in Moscow for talks with President Vladimir Putin, the first visit to the Russian capital by a reigning Saudi monarch. The leaders are expected to discuss energy issues, including efforts to raise crude prices, along with talks on the countries’ differences over Syria and Iran.  Source: RadioFreeEurope