Aramco new crude oil policy, investing in captured markets – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 02-Apr-2023
- Source: Arab Times Kuwait
- Sector:Oil & Gas
- Country:Saudi Arabia
Aramco new crude oil policy, investing in captured markets – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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It seems there is a new trend for crude oil big producers to insure return on investment against secured crude oil market outlets. Saudi Aramco’s recent joint investments with China in petrochemical plants and oil refining are illustrations of securing outlets and financial returns against increasing crude oil production for specific or secured long term outlets. Aramco’s 10 percent investment in Rongsheng Petrochemical at a price of about $4 billion covers 500,000 barrels of daily supply.
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