Thu, 16th Jun 2016 15:16
MOSCOW, June 16 (Reuters) - Oil major BP Plc isunlikely to invest in Saudi Aramco's IPO, Chief Executive BobDudley told reporters at the St Petersburg InternationalEconomic Forum on Thursday.
"It's unlikely we would be a financial investor in SaudiAramco," he said.
Dudley also said the global oil industry needed to readjustits costs based on an oil price of around $50 per barrel. (Reporting by Katya Golubkova and Dmitri Zhdannikov; Editing byJack Stubbs)
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