Aramco aims to become the world’s single largest refiner

Saudi Aramco, the world’s biggest crude exporter, expects to become the top producer of refined products such as fuel and petrochemicals.

“In the years to come, we will become the world’s single largest oil refiner,” said President and CEO Khalid A. Al-Falih at a conference in Beijing .

He said China continues to provide the oil and gas industry with the level of confidence that is required for continued large-scale investment. “As one of the largest consumers of crude oil — and soon its largest importer — China plays an important role in the world of petroleum, especially for us at Saudi Aramco, the largest producer and exporter of crude oil,” said Al-Falih at a petroleum technology conference in Beijing.

Read more: http://arabnews.com/news/446184