Saudi Aramco to invest USD80b in foreign countries

13 May 2015

(MENAFN) Aramco, the Saudi Arabian Oil Company and the largest oil exporter worldwide, is ready to invest about USD80 billion over foreign acquisitions and transactions by 2020, Gulf News reported.

The plan of the Saudi Arabian national petroleum and natural gas company comes under its targeted USD150 billion spending scheme at both the international and the domestic level.

Aramco said that it will consider China and Korea as the focal point, around which its international investment strategy will be concentrated.

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