Saudi Aramco slows diversification plans amid industry downturn

Saudi Aramco slows diversification plans amid industry downturn
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04.09.2020

MOSCOW (MRC) -- Oil company Saudi Aramco is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden, reported Reuters with reference to the Wall Street Journal, citing people familiar with the matter.Aramco will review a USD6.6 billion plan to add petrochemical output at its Motiva refinery in Texas, as well as a big natural-gas pro

Full article at mrcplast.com

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