Aramco offers $ 20 billion petrochemical plan after oil crash – Yahoo Finance
(Bloomberg) – Saudi Aramco is suspending multibillion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend despite falling energy prices forces it to cut back on major investments.
The world’s largest oil company is abandoning plans to build a $ 20 billion chemical crude plant in Yanbu, on the kingdom’s Red Sea coast, according to two people…
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