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Aramco slows local projects to focus on global ventures
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Aramco slows local projects to focus on global ventures
Oil prices push Aramco to drop projects Funds to be redirected Oil price down 12% in 2025 Saudi Aramco is postponing three chemical expansion projects within Saudi Arabia due to a drop in oil prices and capital being redeployed towards global ventures, according to reports. The Saudi-listed oil producer has put on hold major engineering and design work at three facilities, Bloomberg reported, citing people aware of the move. The change in tack i…
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