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Saudi Aramco mulls over new ventures around the globe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/05/2016 (10:59)
According to media reports, Saudi Arabia’s state-run oil company Saudi Aramco is mulling over building new joint ventures in several countries, including Indonesia, India, the US, Vietnam and China, reported chief executive Amin Nasser.

According to Nasser, the prevailing market conditions provide an excellent environment for growth despite some challenges. Nasser added that Aramco will soon complete an expansion project that will raise the capacity of its Shaybah oilfield while adding that they are also active participants in a plan to build a large new shipbuilding and ship repair complex inside Saudi Arabia.
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