Saudi Aramco, Saudi Arabia's state oil company, is holding "serious discussions" with the New York Stock Exchange about being one of the exchanges the company's IPO is listed, Saudi foreign minister Adel al-Jubeir told Fox News.

"Our objective is to try to complete the IPO sometime in 2018. There are serious discussions with the New York Stock Exchange about having the NYSE be one of the exchanges for the Aramco IPO and I believe the decision will be made on the financial merits," al-Jubeir stated. 

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