By Benjamin Horney (November 19, 2018, 7:05 PM EST) -- Saudi Arabian Oil Co., or Saudi Aramco, has axed plans to issue as much as $40 billion in bonds to help buy a majority of petrochemical company Saudi Basic Industries Corp., according to a Monday report from the Wall Street Journal. According to the report, Aramco is planning to buy a 70 percent stake in Saudi Basic Industries for about $70 billion, and the state-backed oil business had originally intended to issue billions of dollars in bonds to pay for the deal. The company is now determining whether there are alternative options that would require less public disclosure, the report said. The report also said Aramco has concerns that global fallout from the death of journalist Jamal Khashoggi will have a negative effect on investor interest in its Saudi debt....