Aramco Moves Ahead With Expansion

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  • Saudi Aramco is set to spend a record $40 billion-$50 billion this year as it channels bumper earnings from high oil prices into expansion.
  • Aramco's lucrative downstream operations are also boosting cash flow, giving the company confidence to take more stakes in overseas refineries.
  • Prospects for a further monetization of Aramco are still alive, possibly through an IPO of its trading or lubricants arm.

The Issue

Corporate Strategy , Refining, Earnings
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