Aramco renews commitment to long-term investment plans

04/06/2009
Saudi Aramco, in line with newly announced government policies, will continue to invest in new oil, gas, and petrochemical projects, despite the current global economic downturn, according to government leaders and company officials.“We believe the elements [needed] to succeed in this environment are the ability to integrate petrochemicals with refineries and gas plants, securing feedstocks at competitive pricing, and achieving higher efficiency on product chain integration,” said Abdulaziz Al-Judaimi, Aramco’s vice-president for new business development.Al-Judaimi told participants at Chemical Market Associates’s 24th World Petrochemical Conference that rising ene...

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