Saudi Aramco plans to invest around US$120 bln over the next 5-6 years

A investment of almost US$120 bln has been planned by state owned Saudi Aramco over the next 5-6 years to develop projects in the oil and petrochemicals sector. Around US$60 bln is planned to be spent by the oil sector, while the remaining investement would be for the development of petrochemcial projects and foreign investment. After successful completion of several refinery expansions, the company is working at meeting the country's gas demands in addition to moving downstream into production of petrochemicals.
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