Aramco, the oil giant that provides Arabia with most of its revenue

The world’s leading oil company sees broad and diversified for its future. Beyond its project with the French car manufacturer Renault, Saudi Aramco has been increasing investment in many areas for years. In its own production capacities and more generally in the oil and gas industry. In March, unlike major European oil groups which have begun their green transition, the Saudi public group announced its intention to double its oil production capacity. Investments in crude and gas should reach 50 billion dollars (50 billion euros) in 2022.

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Aramco is also targeting chemicals. In 2015, the group acquired the synthetic rubber activities of the German chemist Lanxess. Sadara Chemical, its 20 billion dollar joint venture created with the American Dow Chemical, includes a giant chemical plant which produces, from gas and oil, components for cosmetics and…