Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco, plans to raise investments in the US, especially in the gas sector, the oil giant's CEO said.
Aramco also aims to inject billions of dollars in the US, in addition to acquiring assets of firms operating in the American gas industry over the coming period, Amin Nasser told Reuters on the sidelines of the World Economic Forum in Davos in Switzerland.
“Saudi Aramco already owns the largest oil refinery in the US, Motiva,” the CEO added.
The new investments and potential acquisitions aim to turn Saudi Aramco, the world's largest oil producer, into a major contributor in the international gas sector.
