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Saudi Aramco's downstream investment to exceed $100 billion

10:03 AM MDT | May 19, 2014 | Natasha Alperowicz

Saudi Aramco said on Sunday that its downstream investments over the next decade would be high to meet global demand and the company’s development strategy. Khalid Al Falih, CEO of Aramco, addressing the Middle East Refining and Petrochemical Conference Petrotech in Bahrain, said, “Globally, these investments will exceed $100 billion over the next decade alone, and that is premised on our belief in the long-term sustainability of oil demand," he says. The investments will be made in the company’s refining and petrochemical businesses...

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