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Saudis In Talks To Sell Aramco Stake To Global Energy Firm

Therefore it is most most likely that the technocrats in the MOF, SAMA, and the MOE have fought really hard to stop the PIF from becoming a shareholder of Aramco. In the downstream, Aramco is the fourth-largest refiner in the world, with a stated intent to raise its capacity to 10 million barrels per day (b/d) from four.9 million b/d currently. Aramco has critical investments in chemical substances, but it is nevertheless comparatively modest in this segment which it owns in joint ventures with foreign corporations that are fully responsible for design and style, operations, and advertising. Hence, the addition...