An oil storage tank at Saudi Aramco’s Ras Tanura oil refinery in Saudi Arabia. Photo: Reuters

Saudi Aramco, planning to launch world’s largest IPO, says its growth lies in natural gas, refining and chemicals

  • Aramco was aiming to raise gas output by 39.4 per cent to 21.6 billion cubic feet per day by 2023, says senior vice-president Mohammed Al Qahtani
  • State-owned company is testing the development of some unconventional shale gas resources, with production costs comparable to major North American projects
Topic |   IPO

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An oil storage tank at Saudi Aramco’s Ras Tanura oil refinery in Saudi Arabia. Photo: Reuters
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