12 Oct 2011
(MENAFN) Saudi Aramco’s project director, Fayez Al-Sharef, said that as the company planned to expand overseas investments, Aramco would launch petrochemical operations in Asia, reported Arab News.
Al-Sharef added that amongst markets the company wanted to enter were Indonesia and Vietnam since these countries had attractive investment environment mainly in the petrochemical sector.
He also said that Aramco inked a memorandum of understanding (MOU) in
March in order to supply crude to a planned refinery in southwest China, where the government started to construct oil and gas pipeline that cut through Myanmar, moreover, the company planned to increase its investments in China where it already operated petrochemical projects.
It is worth noting that over the coming five to six years, Saudi Aramco will invest USD120 billion in developing oil and petrochemical projects.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more