As Saudi Oil Giant Expands, Can it Meet Mounting Security Concerns?

<p>Saudi Aramco, the largest crude oil exporter in the world is to expand its refining capacity and increase its oil and gas exploration activities.</p> <p>The company has a $200 billion spending program which it plans to implement over the coming decade with a heavy focus on China and Indonesia.</p> <p>Aramco’s CEO Khalid al-Falih said in a recent interview, "<em>The company plans to boost its global refining capacity to 8 million barrels a day in 10 years, including projects yet to be announced.”</em></p> <p>According to Al-Falih…

Saudi Arabia's state oil giant Aramco will raise its refining capacity by 50 percent to above six million barrels a day by expanding at home and abroad, chief executive Khalid al Falih said.Work was progressing on two new refineries in the kingdom, he told a meeting in Seoul on Tuesday.Four "grassroots" refineries were being considered including one at Jaizan in Saudi Arabia, plus possible joint-venture refinery projects in China, Vietnam and Indonesia, the CEO said.

Saudi Arabia's state oil giant Aramco will raise its refining capacity by 50 percent to above six million barrels a day by expanding at home and abroad, chief executive Khalid al Falih said.Work was progressing on two new refineries in the kingdom, he told a meeting in Seoul on Tuesday.Four "grassroots" refineries were being considered including one at Jaizan in Saudi Arabia, plus possible joint-venture refinery projects in China, Vietnam and Indonesia, the CEO said.

Saudi Arabian Oil Company (Saudi Aramco) has chartered another four very large crude tankers to carry oil to the Gulf of Mexico in October.

A few days ago Valero Energy agreed to

Enbridge Inc , Canada’s second-largest pipeline company, reported an 8% fall in quarterly profit as it was hurt by an after-tax charge of $105-million related to certain offshore assets. The company and Energy Transfer on Friday said they will work together to provide crude oil pipeline access to the eastern Gulf Coast refinery market from Patoka, Illinois, a crude storage and blending hub.

Saudi Arabia's state-owned oil giant Saudi Aramco says it has agreed to merge its maritime division with the country's state-owned shipping line to create the world's fourth-largest tanker operation.

DUBAI, United Arab Emirates (AP) -- Saudi Arabia's state-owned oil giant Saudi Aramco says it has agreed to merge its maritime division with the country's state-owned shipping line to create the world's fourth-largest tanker operation....