Aramco— A chemicals giant in waiting

Saudi Aramco (Dhahran, Saudi Arabia), already an upstream oil and gas powerhouse and a major oil refiner in Saudi Arabia and around the globe, is on a mission to extend its leadership position to chemicals. Aramco president and CEO Khalid Al Falih launched a major strategic initiative in 2011 called the Accelerated Transformation Program (ATP), which foresees Aramco as the world’s leading integrated energy and chemicals company by 2020. Al Judaimi: A top p-xylene player by 2018. The ATP aims to leverage Aramco’s upstream position by exploring frontier...

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