Opinion: The Aramco IPO is a referendum on Saudi Arabia

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The Aramco IPO is a referendum on Saudi Arabia GlobeDebate

This translation has been automatically generated and has not been verified for accuracy.was Canada’s ambassador to Saudi Arabia and head of mission in Iran from 2009-2012. He retired after a 31-year diplomatic career

The Aramco share offer could provide Tehran with a new incentive to escalate tensions. The Iranians would like nothing more than an Aramco initial public offering that fell flat; it would embarrass their Saudi rivals and provide an additional pressure point. Well-timed additional military action would do just that.

Global oil giant Saudi Aramco is working on an Initial Public Offering, with some estimates of the company's value topping US$2-trillion. But MBS has also cracked down hard on political dissent – real and imagined. He reportedly ordered the brutal murder of journalist Jamal Khashoggi, and he has arbitrarily jailed supposed political opponents, including women’s-rights activists who pushed hard for the changes he has implemented. He is the face of the humanitarian disaster caused by the war in Yemen.

 

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