Saudi Aramco looks to expand into Asia

12 October 2011

Oil giant looking for investment opportunities in China, Vietnam and Indonesia

Saudi Aramco plans to expand its petrochemicals business overseas to key export markets in the Far East.

Fayez al-Sharef, project director for the company told the Saudi Arabian newspaper Arab News that the oil giant was looking for investment opportunities in China, Indonesia and Vietnam.

The move comes after Saudi Aramco signed its $20bn joint venture with US-based Dow Chemical for its plant in Jubail.

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