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The Contradiction at the Heart of the Aramco IPO

The Saudi government does not see a viable, long-term future in oil and gas but continues to hope that investors will measure the country's crown jewel, Saudi Aramco, differently, argues Robert Mogielnicki of the Arab Gulf States Institute in Washington.

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Dr. Robert Mogielnicki is a Resident Scholar at the Arab Gulf States Institute in Washington. He manages the institute’s political economy research and oversees “Next Gen Gulf” – a long-term research series that examines how advanced technologies shape Gulf Arab governments and economies. Dr. Mogielnicki previously worked as a human resource development consultant and in journalism across the Middle East and North Africa. He holds a D.Phil degree from the University of Oxford’s Magdalen College. His first monograph on the political economy of free zones in Gulf Arab states is under contract with Palgrave Macmillan’s International Political Economy series. His published work has appeared in Foreign Policy, The Banker, World Politics Review, and Axios. Dr. Mogielnicki regularly provides commentary for international media outlets, including: Bloomberg, Forbes, Nikkei Asian Review, The Wall Street Journal, Nature, Financial Times, Reuters, BBC World News TV, VOX, Voice Of America, Washington Post, Los Angeles Times, and S&P Global.