Trump wants Saudi state-owned oil giant to go public in New York

US President Donald Trump on Saturday took a position on Saudi Arabia's national oil company's plans to go public, saying he would "very much appreciate" it choosing the New York Stock Exchange for the initial public offering.

Saudi leaders have been considering an IPO of Aramco since early last year, but have not yet announced terms of the offering.

"Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!" Trump said on Twitter.

The oil giant's IPO could be one of the biggest in history.

Saudi Aramco, the world's biggest producer of crude oil, has yet to disclose details of the IPO.

Last month, it said that all listing venues were under review. "IPO process is on track for 2018," the company said on its Twitter account without details.

The listing of Aramco is believed to be the focus of an ambitious plan, known as Vision 2030, launched by Saudi Arabia's powerful Crown Prince Mohamed bin Salman to diversify the kingdom's oil-reliant economy.

Trump visited Saudi Arabia in May, signing a 110-billion-dollar defense deal with Saudi King Salman to supply weapons to Saudi Arabia's defence forces.