Saudi Aramco continues to advance our overarching downstream strategy which calls for enhancing value across the hydrocarbon chain by focusing on both horizontal and vertical integration.

It’s a strategy aligned to the overall intent to become — by 2020 — “the world’s leading integrated energy and chemicals company, focused on maximizing income, facilitating the sustainable and diversified expansion of the Kingdom’s economy, and enabling a globally competitive and vibrant Saudi energy sector.”

To that end, investments in refining, chemicals, base oils, marketing, and power generation continue to be pursued to create additional value while diversifying risk. The development of a diversified, integrated, and robust business portfolio — in support of the company’s supply, trading, and marketing model — will serve to mitigate oil price fluctuations and generate additional revenues while simultaneously facilitating the expansion of opportunities for conversion industries, local manufacturers, and service providers.

Adding value through integration

Our refining and chemicals facilities in Saudi Arabia — some wholly owned, some ventures with global companies — increase opportunities for domestic conversion industries, manufacturers, and service providers, adding value to the Kingdom’s resource base.

Ultimately, the comprehensive downstream strategy is designed to drive job growth and value creation, and the exciting opportunities presented in this sector make that a realistic goal today and well into the future.

Worldwide, the chemical industry is a $4 trillion business, but the Gulf Cooperation Council’s share of the global market for specialty chemicals, for example, was less than 2% as of last year. That presents the prospect of tremendous opportunities for Saudi Aramco to grow our downstream products portfolio, creating sustainable value for our partners, customers, and the Kingdom as a whole.

  • Our business

    In-Kingdom downstream

    Saudi Arabia’s endowment of oil and gas, our expanding network of refining and chemicals facilities integrated with industrial parks, and geographic proximity to major markets in Europe and Asia all combine to create favorable conditions for investment, growth, and even greater demand.

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  • Our business

    Global downstream

    Our partnerships in refining and marketing ventures in China, Japan, South Korea, and the United States enable us to traverse the length of the value chain from wellhead to consumer, adding value to our resources at every step.

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