Aramco to reorganize downstream business by year-end

摘要

Saudi Aramco has announced a reorganization of its downstream business, including the creation of a commercial business unit for chemicals, with the process to be completed by the end of this year. The new downstream operating model will include four commercial business units: chemicals; fuels including refning, trading, retail, and lubes; power; and pipelines, distribution, and terminals, Aramco says.