Aramco Reallocates Capital While Accelerating Industrial Digitalisation

Saudi energy giant Aramco is sharpening its focus on capital efficiency and operational performance through two strategic initiatives that reflect a broader transformation underway across the global energy industry. The company has agreed to transfer its equity stakes in the Pengerang Refining Company and Pengerang Petrochemical Company (PRefChem) to Malaysia’s PETRONAS, while simultaneously expanding investment […] The post Aramco Reallocates Capital While Accelerating Industrial Digitalisation appeared first on The Middle East Observer.