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. Save for later Print Download Share LinkedIn Twitter The Issue
