Skip to main content
IRAN Energy News Agency
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

Saudi Aramco to Spend $300bn on Energy Projects

The Saudi government plans to list five per cent of Aramco’s shares in 2018.

Saudi Aramco CEO Amin Nasser said the company plans to spend nearly $300 billion over the next ten years on oil and gas projects.

Nasser made the remarks on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) yesterday.

He explained that the spending will be on joint projects inside and outside the Kingdom, noting that a decision will be made soon regarding the location for listing the company’s shares.

The Saudi government plans to list five per cent of Aramco’s shares in 2018.

According to the oil giant, the company contributes 12.5 per cent of world oil production and has 261.1 billion barrels of proven oil.

Over the past two years, Aramco has been engaged in joint ventures or acquisitions with international petrochemical companies to strengthen its international presence.

 

Join us on Telegram Channel."Energy Today"

Add new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Fill in the blank.
Parvin Faghfouri Azar
Energy Today
w
+98.21.26413997
Unit 32, No. 26, North Naft Street
Tehran,TH,1918793572
Iran

Saudi Aramco to Spend $300bn on Energy Projects

The Saudi government plans to list five per cent of Aramco’s shares in 2018.
Parvin Faghfouri Azar
Saudi Aramco CEO Amin Nasser said the company plans to spend nearly $300 billion over the next ten years on oil and gas projects.Nasser made the remarks on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) yesterday.He explained that the spending will be on joint projects inside and outside the Kingdom, noting that a decision will be made soon regarding the location for listing the company’s shares.The Saudi government plans to list five per cent of Aramco’s shares in 2018.According to the oil giant, the company contributes 12.5 per cent of world oil production and has 261.1 billion barrels of proven oil.Over the past two years, Aramco has been engaged in joint ventures or acquisitions with international petrochemical companies to strengthen its international presence. 
49