Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO 2:19pm EST [Reuters]
PetroChina Company Limited (PTR)
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Source: Reuters
Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO | Reuters 6 Min Read DAMMAM, Saudi Arabia (Reuters) - Saudi Aramco, the world’s largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy to be on par with Big Oil, its chief executive said on Wednesday. Amin Nasser, the CEO of the state oil giant, which is preparing for an IPO next year, told Reuters Aramco is moving ahead with its refining and petrochemicals expansion strategy and is in discussions with several potential partners in Asia, Europe and the United States. “We had to cut our allocations to certain markets based on the (OPEC) agreement ... hopefully we will regain these markets as soon as this deal ends,” he said in an exclusive interview. “We have a very reliable customer base. I don’t see (any)sort of problems in terms of gaining market share beyond the OPEC agreement,” Nasser said, adding
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