by Ganesh Sahathevan
Forgotten in all the hype about the proposed Saudi Aramco IPO is the fact that an IPO requires disclosure of salient commercial issues.
To date, the Kingdom Of Saudi Arabia has kept secret the exact nature and extent of its oil reserves. The article below is one of many that have questioned the potential of its largest field, the super giant Ghawar. An IPO will mean answering the questions raised by this author and others.The Al-Sauds have refused to do so before, and have clearly not thought of the consequences an IPO will have with regards disclosure of their reserves.