Saudi Aramco Eyes $129B Investment in New Projects
To include new refinery projects in the U.S.
State oil company Saudi Aramco plans to invest $129 billion on new energy projects in the next five years. About $70 billion of the total would be spent by international and domestic joint ventures, and the remaining $59 billion on projects solely undertaken by Aramco, Khalid al-Falih, the company's executive vice president of operations, told Reuters in an interview in Manama, Bahrain on Sunday. ... The new figure includes refinery projects in the U.S. and China...snip
Over the last quarter-century, the number of refineries in the United States dropped to 149, less than half the number in 1981.
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