Saudi Aramco Announces $40 Billion Investment Program Through 2027

One of its major decision; Saudi Aramco has announced that it will invest an amount of $ 40 billion annually through 2027, which is a 25% increase, compared to its preceding 10 – year investment program that was announced last year. It came as surprise to the industry specialists, as most of the players in the oil and gas industry is trying hard to restrain the spending instead of further boosting, which may help them in maximizing the return on investment in this post-2014 era.

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