Aramco is trying to capture investment opportunities in the downstream sector, which is a radical shift in recent years, in order to take the necessary steps to enhance its liquidity levels, with many expansions and projects where the company has entered.
The company said in the newsletter, which informed Arab.nt on excerpts, it is currently meeting several investment opportunities in high-rise downstream and geographical activities in order to improve financial and operational performance of assessment activities.
The company said: This includes increased capacities, asset promotion, improving product returns and achieving more additional petrochemical integration.
The company has a strategic project package in the downstream activities among the world's largest, according to the company in the subtraction publication.
By the end of December, the total refining capacity of the world's largest oil company was about 6.4 million barrels per day, while net refining capacity was about 3.6 million barrels per day.
The company also sparked a state of integration between the upstream and position activities, in which the company considers an opportunity to ensure demand for crude oil demand and maximize the oil supply chains through sales across its local and international points in an absolute basin.
The company is broadcasting towards expansion of downstream activities on its comments to debt markets to finance distributions only, which referred to news press reports at a past time.
At the beginning of this month, the company distributed the entire profits during the announcement of financial results, about $ 18.7 billion, according to the company's disclosure to a trading, which he informed by the Arab.
Aramco confirms the outcome of the proposal for general purposes of the company, which includes not to inform doubt about new investment opportunities.
In an Aramco's agreement on its interest in downstream activities, the Sukuk Publication: Sukuk Activities in Aramco is the largest clients of upstream activities on the consumption of crude oil production, as they consumed about 39% of crude oil production in 2020.
The company said: Last year, the average weight of Aramco's share of international refining projects in the company markets was about 41% at a time when the company brought about 54% of the demand for crude oil for those projects.
Aramco also said it was widely supported by the company's downstream activities, through high quality insurance that eventually meets the needs of its customers at a time that the company sets an ambitious plan to gain more customers.
