Saudi Aramco Eyes M&A in Downstream Segment, Reuters Reports
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Dow Jones
--Saudi state-owned oil giant Saudi Aramco is seeing merger-and-aquisition opportunities in the downstream segment, Reuters reports, citing an interview with Aramco Executive Vice President for Products and Customers Yasser Mufti.
--Downstream activities refer to refines, and sales and marketing of oil-and-gas products.
--Additionally, Aramco doesn't expect to increase its 10% stake in fuel-based engines joint venture Horse Powertrain, Reuters reports, citing Mufti.
Full story: https://tinyurl.com/mpcvdt5m
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 03, 2024 07:14 ET (11:14 GMT)
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