Saudi Aramco spends $18bn on expansion in North and South America

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Saudi Aramco spends $18bn on expansion in North and South America
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Saudi Aramco, the state oil company of Saudi Arabia, is planning in the next five years to spend $18 billion on the expansion of its activities in North and South America, focusing on the development of a refinery Motiva Enterprises in the United States, according to Motiva.




According to the company’s report, being a subsidiary of Saudi Aramco, Motiva is expected to be the main target of the $18-billion investments in the expansion of operation in North and South America. The company is studying the possibilities of an increase in capacities of processing and chemical enterprises, as well as the expansion of business operations, marketing approaches and brand promotion over the next five years.

The development of the company will be linked not only with the improvement of current operations, but also with the introduction of new ones.



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