Saudi Aramco Boosts Investment to Raise Market Share - Dr. Florence Eid-Oakden cited by AA Energy Terminal
Saudi Arabia's state-owned oil company Aramco aims to gain more share in the oil market by boosting investment, while it prepares for a rise in oil prices when global demand increases.
Aramco aspires to become a leading integrated energy and chemicals company," said Dr. Florence Eid-Oakden. "It focuses on maximizing income, facilitating the sustainable and diversified expansion of the kingdom’s economy, and enabling a globally competitive and vibrant Saudi energy sector," she added. She stressed that through the production of an average of 9.8 million barrels of crude oil a day, they play a critical role in supplying world oil markets.