Aramco seeking portfolio expansion by exploring refining and chemicals deals in China and India

January 26, 2024

Saudi Aramco, the world’s biggest oil exporter, is seeking refining and chemicals deals in Asia as it looks to rapidly expand the business and secure long-term buyers for its crude.

The company is looking at China and India for more acquisitions, president of the downstream unit, Mohammed Al Qahtani, said. The majority of Aramco’s crude is sold in Asia, and demand for oil and related products is expected to keep expanding in the region, he said.

Read the original article in Bloomberg: Aramco Hunts for Asia Deals to Boost Refining and Chemicals