going on they've also got petro chemical and oil refineries in saudi arabia so the company is worth more than what they dig out of the ground and sell them but does that get us to two trillion dollars the answer also depends on what the price of oil is at the time of the i.p.o. and when they announced the i.p.o. we were in the midst of a very period of very low well prices so you can see i would be very hard to reach a two trillion dollars valuation in say two thousand and seventeen when the price of oil was you know fifty or fifty five dollars a barrel. it's an indirect devaluation of the saudi economy which is reliant on a whim cup so it's not just a company with a proposed two trillion dollar price tag. there's a major problem with valuing the company. what is it that's being offered some slice of the overall company i guess but no direct ownership of any part of it how much are the reserves after all are they understated or overstated what level of efficiency does saudi aramco have in comparison with other oil companies. where is the future market. mohamed been so months vision

carrying petro chemical products from qatar and saudi arabia to east asia the other japanese own ship the kuta courageous with $21.00 crew was shipping methanol to singapore its management says it suffered whole damage but is not in danger of sinking both when the gulf of oman the entrance to the strait of hormuz where much of the world's energy supplies are shipped through every day. the initial report was all time cast sailing from the straits of hormuz to asia came under attack after that apparently another boat was attacked we saw ship tried to maneuver but 3 hours later it was attacked again it became too dangerous to stay on the tanker so our crew members abandoned it using a lifeboat. with iranian and american ships responded to the tankers distress calls sent within an hour of each other on thursday morning each rescuing crew members who'd abandon ship. japan's prime minister happened to be meeting with iran's supreme leader in tehran trying to reduce tensions with the united states the iranians say the timing is certainly suspicious rather than coincidental budget. today

sure now which way to turn jonah. and the current president petro poroshenko right now is voting in a polling station is one of thirty eight other candidates running in the presidential election in ukraine. saudi arabia is being accused of hacking the phone of jeff bezos the owner of the shopping website amazon and the washington post there is a hired private investigators after his phone messages were leaked to the national enquirer newspaper his detective said he was targeted by the saudis following the killing of washington post reporter. so he ministers have previously denied any links of the national enquirer reporting. the number of cholera cases in the city of barrow in mozambique has increased to more than two hundred and seventy eight and health workers are struggling with the aftermath of cycler in die which hit more than two weeks ago damage to water and sanitation facilities has raised fears about a potential epidemic enjoyment duquan reports. scenes of destruction left in the wake of catastrophic flooding with towns and villages submerged cycling killed hundreds of people

to han's largest petro chemical group which provides billions of dollars to the islamic revolutionary guard corps washington has branded the military unit a terrorist organization and amnesty international is urging saudi arabia to rule out the death penalty for a teenage boy 18 year old motor her career is suspended detained for the past 5 years for taking part in antigovernment protests i'll be back with a full hour of news for you in a little over 25 but it's about us here let's get you back to correspondent. in baltimore maryland black people are 3 times more likely than white to be living in poverty. i want to know what that means for the people living. brick fontayne works for the city he grew up in a public housing project and has been helping disadvantaged youths in baltimore for over 10 years. housing projects is primarily black ok out of you know thousands of people maybe like 10 white people that live in the projects. it's no resources you have a city you have a saw story it. someone you know they call you know. this jane i've missed. one of mr rich toughest s

in the saudi aramco is financial. but first an actor who once played the president of ukraine in the hit t.v. show is leading the race to unseat president petro poroshenko whoever wins the second round run off will inherit a deadlocked conflict in the east with russian backed faces now into its fifth year the war has hurt ukraine's most economically important region drained public resources and exhausted voters and there's no end in sight now to zero as jonah hole reports now from the city of mary a pole where the conflict is never far away. in ukraine's war zone a new breed of entrepreneurs. alexi used his disability payout as an injured veteran to set up a pizza business. being given a motivator in war people are happy to spend their money rather than save it because they know anything can happen at any moment. he's not particularly enthusiastic about the upcoming presidential election. and back. because of their spinelessness it took volunteers to protect this country where the leadership was too weak to protect it it's all soldiers like alexi from the port city of mariupol formed

here's here's here's basically the lay of the land saudi arabia forty four percent of saudi arabia's electricity generation right now comes from oil and that's both horrible for the environment and bad for the country economically it much rather sell that oil or turn it into petro chemicals or some other profitable substance basically any toil that they burn for electricity is basically wasted now this is a country that cannot use hydroelectric power which is very very beneficial for baseload electricity generation and so the only non hydrocarbon electricity source of electricity that they can really turn to at this point is nuclear so it's extremely beneficial and these see it as as basically an imperative to build nuclear power plants and that's not just saudi arabia it's other places in the gulf as well. a veteran new york times correspondent has been denied entry into egypt david kirkpatrick was detained without explanation of the arrived at cairo airport on monday the former cairo bureau chief was then scored on to a flight back to london the following day the new york times say

and here's here's here's basically the lay of the land saudi arabia forty four percent of saudi arabia's electricity generation right now comes from oil and that's both horrible for the environment and bad for the country economically that much rather sell that oil or turn it into petro chemicals or some other profitable substance basically any toil that they burn for electricity is basically wasted now this is a country that cannot use hydroelectric power which is very very beneficial for baseload electricity generation and so the only non hydrocarbon electricity source of electricity that they can really turn to at this point is nuclear so it's extremely beneficial and these see it is as basically an imperative to build nuclear power plants and that is not just saudi arabia it's other places in the gulf as well of course and so if you look at it from a purely economic point of view is the white house looking at this in terms of the the money can make the investment it can have the say it could have in terms of nuclear plant construction within saudi arabia because if it doesn'