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Saudi Aramco aiming to become world's largest refiner

Industry

Saudi Aramco has announced that it is aiming to become the worlds top producer of refined fuel and petrochemical products

Khalid A. Al-Falih, president of Saudi Aramco, said, “In the years to come, we will become the world’s single largest oil refiner.

“In the new energy landscape, the central importance of oil and gas in the global energy mix has been reconfirmed and reinforced.”

Al-Falih added that petroleum would remain the lifeblood of transport, trade and manufacturing, and the essential enabler of growth in both the developed and developing worlds for many decades to come.

Speaking at a conference in Beijing, Al-Falih said, “It is often said nowadays that China is the locomotive that is pulling the global economy and helping industrialised economies emerge from recession primarily because of its rising demand. Similarly, I would note that China and its growing need for energy offers the brightest spot in the global landscape.”

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