File - In this Monday, March 8, 2004 file photo, an industrial plant strips natural gas from freshly pumped crude oil is seen at Saudi Aramco's Shaybah oil field at Shaybah in Saudi Arabia's Rub al-Khali desert. (AP Photo/Bruce Stanley)
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Saudi Arabia's Deputy Crown Prince Mohammad bin Salman said he expects the value of Saudi Arabian Oil Co. to exceed $2 trillion as the kingdom prepares to sell part of the company in what could be the world's largest initial public offering. The valuation of the oil producer known as Saudi Aramco hasn't been completed, Prince Mohammad said in an interview with Saudi-owned Al Arabiya television. Prince Mohammad is leading the biggest economic shakeup since the founding of Saudi Arabia in 1932, with measures that represent a radical shift for a state built on oil money.Saudi Aramco's sale is a key part of the "Saudi 2030 Vision" announced Monday to overhaul the economy and reduce the kingdom's reliance on oil.
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