Saudi Arabia goes on the hunt for global oil and gas | Financial Times:
Saudi Arabia plans to develop an international energy exploration and production business for the first time, doubling down on oil and gas even as the kingdom seeks to curb its reliance on hydrocarbons.
Khalid al Falih, Saudi Arabia’s energy minister and chairman of state oil company Saudi Aramco, told the Financial Times that overseas expansion would be a critical part of the company’s future.
“We are no longer going to be inward-looking and focused only on monetising the kingdom’s resources,” Mr Falih said. “Going forward the world is going to be Saudi Aramco’s playground.”
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