Saudi Aramco Continues to Pursue Downstream and LNG Deals

The world’s largest crude oil exporter, Saudi Aramco, continues to be on the lookout for acquisition opportunities in the downstream and LNG, a senior executive told Reuters in an interview. In recent years, the Saudi oil giant has been pursuing deals to expand its international downstream presence, especially in demand centers such as Asia. Despite the fact that Aramco has boosted cooperation with automotive groups to produce alternative fuels, the Saudi firm is not done with M&As in global refining and LNG, seeking additional outlets…