Saudi Arabian Oil Giant Aims to Build a Refining Empire
Saudi Arabian Oil Giant Aims to Build a Refining Empire by Dr. Kent Moors published June 16th, 2024 It wasn’t all that long ago that the U.S. was threatened with declining oil reserves and an ongoing reliance on energy imports.
Abdulaziz Al-Judaimi, Saudi Aramco’s senior vice president, stated “Our strategy is very simple. We want to be at 8 to 10 million barrels per day of participated refining capacity.” This oil giant, which is planning on selling 5% of its shares publically within the year, is attempting to
Saudi Aramco, the Crude-Oil Giant, Becomes a Force
Saudi Arabia’s state oil company is building an oil-refining empire, a major shift for the world’s No. 1 crude producer as it tries to shore up its balance sheet ahead of the world’s biggest
By Christopher Alessi . DUBAI -- Saudi Arabia's state oil company is building an oil-refining empire, a major shift for the world's No. 1 crude producer as it tries to shore up its balance sheet ahead of the world's biggest-ever IPO and make up for income lost to OPEC production cuts.
Saudi Aramco, the Crude-Oil Giant, Becomes a Force WSJ
Saudi Arabia’s state oil company is building an oil-refining empire, a major shift for the world’s No. 1 crude producer as it tries to shore up its balance sheet ahead of the world’s biggest
Why Saudi Arabia’s Oil Giant Aims to Be Big in Chemicals, Too in Closing Bell Story / Energy News by — Oil & Gas 360 November 21, 2016 Share Print
UAE’s crude giant ADNOC to invest $59bn in refinery
ADNOC follows Saudi Arabian Oil, known as Aramco, in building a refining empire. Aramco has boosted its global refining capacity by more than a third to 5.4 million barrels a day, according to
Saudi Arabia is leaning on Aramco’s coffers to build its sovereign wealth fund and help develop new industries that can break the kingdom’s reliance on oil. For its part, Aramco is trying to
Saudi Aramco, the Crude-Oil Giant, Becomes a Force
By Christopher Alessi . DUBAI -- Saudi Arabia's state oil company is building an oil-refining empire, a major shift for the world's No. 1 crude producer as it tries to shore up its balance sheet ahead of the world's biggest-ever IPO and make up for income lost to OPEC production cuts.
ADNOC follows Saudi Arabian Oil, known as Aramco, in building a refining empire. Aramco has boosted its global refining capacity by more than a third to 5.4 million barrels a day, according to