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Aramco says to lure foreign investments

Aramco says to lure foreign investments
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Riyadh-Mubasher: Saudi Aramco plans to attract new foreign investments to the kingdom especially from Europe.

The biggest oil producer seeks to form strong partnerships in the fields of exploration, production, refining and marketing, as the company plans to bolster its refining capacity which reaches currently 5.4 million barrels a day.

In addition, Aramco seeks to boost its petrochemical production which is estimated at more than 5 million metric tonnes annually.

Nabeel Al-Mansour, executive director of material supply, said the world's leading energy producer has presented a vision of the possible opportunities with the potential partners.

He added that investors can work with the company in several fields, including the exploration, production, refining, processing and marketing which are witnessing strong expansions.