Saudi petroleum giant Aramco this week signed three agreements for integrating petrochemicals plants with refineries, as it seeks to evolve into a global integrated petroleum player. Two of the signings came during state visits to France and the US by Saudi energy supremo Crown Prince Muhammad bin Salman.
The agreements will help Aramco almost double its gross overseas refining capacity over the next seven years. Meanwhile, gross petrochemicals capacity will soar from 5.6mn t/y to at least 33mn t/y. (CONTINUED - 762 WORDS)