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Saudi Aramco Launches Transformation Plan

3:58 PM MDT | May 28, 2011 | Natasha Alperowicz

Saudi Aramco has launched a program that aims to transform the company from a predominantly Saudi Arabian oil and gas company to a fully integrated global energy and chemicals concern. The company aims to become a catalyst in Saudi Arabia's growth and job creation. The program, dubbed Accelerated Transformation Program (ATP), was officially launched by president and CEO Khalid A. Al Falih and other members of Aramco's corporate management. The transformation will be carried out over the next two decades, Al Falih says. The company has been...

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