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Saudi oil giant Aramco says growth lies in natural gas, refining and chemicals as it prepares for jumbo IPO

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Saudi Aramco, the world’s largest oil producer that Hong Kong has been trying to lure to list its shares in the city, is pursuing deeper diversification into natural gas, oil refining and chemicals production as the world consumes more alternative cleaner fuels.The Saudi Arabian state-owned behemoth, which pumps one in eight barrels of the world’s crude oil, is also the lowest cost producer globally thanks to its vast and easily accessible resources and advanced drilling technology.But as Saudi…

Source: South China Morning Post