As oil prices remain below $40, state oil giant Saudi Aramco will focus on controlling its costs by deferring projects, re-examining existing contracts but at the same time pushing ahead to maintain a strong position in the upstream oil and gas business, the state oil group's magazine the Arabian Sun reported. Citing Chief Executive Officer Amin Nasser, Aramco's priorities this year include expanding refining and chemicals businesses and implementing projects that will help meeting growing domestic power demand in the kingdom.
展开▼
