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Saudi king's Asia tour signals Aramco's move downstream

Trip also seen as being part of a state policy to diversify the economy beyond crude exports, as Opec loses its grip
Tuesday, March 21, 2017 - 05:50

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King Salman bin Abdulaziz (left) and his officials at the Great Hall of the People in Beijing on March 17, 2017. The Saudis have signed deals that could be worth as much as US$65 billion with China.

Singapore

SAUDI King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hard-nosed marketing mission - to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.

The string of deals inked

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