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Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.
Aramco's $10bn bond underscores its vast global ambitions
Stewart Williams, Vice President, Middle East & North Africa Upstream, said: “Diversifying its business is critical to Aramco’s long-term success, and the ambition aligns Saudi Arabia’s Vision 2030 economic diversification. The $69 billion SABIC acquisition was a major step, the bond issue helps fund it.”