💰 Financial Record

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Transaction Details

Payer (From)

Saudi Aramco/Saudi Arabia Linked to Saudi Aramco

Payee (To)

US Refineries Linked to US Refineries

Transaction Date

January 01, 1988

Description

Buying of stakes in refineries to secure US export market.

Additional Details

Date string: 1988

Amount string:

Source document: HOUSE_OVERSIGHT_016120.jpg

📄 Source Document

HOUSE_OVERSIGHT_016120.jpg

ESTATE Collection

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Document Summary

This document is a Merrill Lynch research paper ('GEMs Paper #26') dated June 30, 2016, analyzing the potential privatization and IPO of Saudi Aramco as proposed by Deputy Crown Prince Mohammed bin Salman. It details the strategic economic shift for Saudi Arabia, citing a potential $2 trillion valuation, plans to sell less than 5% of the company, and the geopolitical implications of Saudi oil exports to the US and Asia. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating its inclusion in a congressional investigation.

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