Saudi Aramco boosts investment to raise market share
On 27 January, Saudi Aramco’s Chief Executive Officer Khalid al-Falih announced that the company plans to invest $30-$50 billion a year to maintain its crude oil production level and to become the world’s largest refiner. This announcement comes at a time when many global oil giants such as ExxonMobil, Chevron, British Petroleum, and Royal Dutch […]