Aramco to Spend $500 Bln on Expansion

Aramco's planning to splash $500 billion on international expansion focusing on petrochemicals. That's on top of the Sabic deal, by the way. Why? Because a wider exposure to downstream along with upstream will, wait for it, make the company more resilient to oil price volatility. Who would have thought, right?

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2 hours ago, Marina Schwarz said:

Aramco's planning to splash $500 billion on international expansion focusing on petrochemicals. That's on top of the Sabic deal, by the way. Why? Because a wider exposure to downstream along with upstream will, wait for it, make the company more resilient to oil price volatility. Who would have thought, right?

Eggs in one basket.

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