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Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government slashed the oil producer's tax burden to attract investors, analysts at Sanford C. Bernstein & Co. and Rystad Energy AS said.Rystad Energy increased its valuation of Aramco by 250 percent to $1.4 trillion, assuming a long-term oil price of $75 a barrel.The Saudi government announced Monday that it's reducing Aramco's tax rate to 50 percent from 85 percent, as it prepares to offer investors as much as 5 percent of the world's biggest oil exporter in what could be a record IPO. The sale of a 5 percent stake in Aramco at a $1 trillion valuation would raise $50 billion for the kingdom, which is trying to reform and diversify its oil-dependent economy.
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