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30-05-14

Saudi Aramco plans multi-billion projects in next 10 years

(MENAFN) Saudi Aramco plans to invest as much as USD100 billion in downstream projects over the following ten years, according to Saudi Gazette. Aramco and its subsidiaries' refining capacity reaches 4.9 million barrels per day, of which its equity share is 2.6 million barrels per day, making it the world's sixth-largest refiner. Aramco has already signed joint venture with Dow Chemical to build the USD20 billion Sadara petrochemical complex in Jubail as part of the plan.