Major Chinese investors, including the sovereign wealth fund China Investment Corporation (CIC) and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company in the world, Saudi Aramco , Reuters sources said on Wednesday. Crown Prince Mohammed bin Salman had announced on Tuesday that Saudi Arabia was looking to sell 1% of its oil giant Saudi Aramco to “one of the leading energy companies in the world”. He did not specify which energy company. MbS also said it could sell additional Aramco shares to other international investors. The 1% stake sale could generate as much as $19 billion for the oil-dependent economy as the country tries to diversify away from its prized possession, oil. On Tuesday, MbS said somewhat ambiguously that the deal could increase sales to the country “where this company resides.” Saudi Arabia is already China’s largest oil supplier. And […]