Saudi Aramco is reevaluating spending plans as it called off the development of the Ras Al-Khair refining facility, and is currently checking the feasibility of three other chemical projects located in Jubail and at the Red Sea.
Saudi Minister of Energy Prince Abdulaziz Bin Salman (ABS) believes that this decision is part of the Kingdom’s broader energy strategy.
The note delves into the following key aspects:
- ABS views on oil projects delays
- Reasons behind the delay of oil projects
- Aramco strategic goals and foreign investments
The note also sheds light on the Saudi expansion into China.
