small groundnut oil refinery production line in saudi Arabia

                                               
                                               
                                               
                                               
                                               
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  • Why is Saudi Arabia expanding its petrochemicals sector?
  • Saudi Arabia is looking to expand its petrochemicals sector to tap into anticipated global demand growth for petrochemicals products in the years ahead. The country is also seeking to diversify its oil and gas sector, as well as reduce dependence on crude oil export revenue. A major strategic priority is localisation.
  • Will Saudi Aramco convert crude into chemical products in 2021?
  • Saudi Arabia's proven crude reserves remained largely flat at 267.192 million barrels in 2021. Saudi Aramco plans to convert up to 4 million b/d of crude into chemical products by 2030, from 1 million b/d presently. The growth in product comes amid accelerating efforts to capture the growing market for product and feedstock in Asia.
  • Is Saudi Aramco a big oil company?
  • Saudi Aramco, headquartered in Dhahran, is among the biggest oil and gas companies in the world. It is engaged in exploring, producing, refining, and distributing oil and gas, with the largest proven crude oil reserves and daily oil production worldwide.
  • What does Schlumberger do in Saudi Arabia?
  • In Saudi Arabia, Schlumberger provides a wide range of services to the Kingdom¡¯s oil and gas industry. These include drilling, completion, production, and other related services. The company has several clients in Saudi Arabia, including the state-owned oil company, Saudi Aramco, and operates a technology centre in Dhahran.
  • What resources does Saudi Arabia have besides oil?
  • Other than petroleum, the country also happens to be rich in natural gas, gold, iron ore, copper, and other resources. Thanks to its active oil and gas industry, many people ¡ª Saudi citizens and foreign nationals alike ¡ª have stable jobs that enable them to support their families.
  • What is the headquarters of Saudi Aramco?
  • The Saudi Arabian Oil Group, also known as Saudi Aramco or simply ¡°Aramco¡±, is headquartered in Dhahran. It is the state-owned oil and gas company of Saudi Arabia, engaged in exploring, producing, refining, and distributing oil and gas.