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Julian Lee: Where Will Saudi Aramco Spend Its Bumper Profits?


Today's Take: Aramco's Spending Mystery OPEC sees consumption rising almost 10% by 2035, but it’s not clear that Aramco intends to boost production capacity beyond current plans. After posting a record profit for 2022, Saudi Aramco says it will boost capital investment by as much as 45% this year. But it has yet to answer the question of

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Posted: March 13, 2023 Monday 09:42 AM