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Saudi Arabia bulks up in Asia to boost appeal before oil IPO

Thursday, March 2, 2017 - 05:50

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Mr al-Falih says the deals will "strengthen Saudi Aramco's equity story".

Jakarta

SAUDI Arabian Oil Co expanded its ownership of refineries and petrochemical plants in Indonesia and Malaysia with investments totalling US$13 billion, as it prepares for what may be the biggest ever initial public offering, by bulking up its business in Asia, its largest market.

sentifi.com

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