Saudi Aramco, the world's largest oil company is setting a new target to become the world's biggest refinery-petrochemical company. The company is currently developing multiple joint ventures in order to reach its vision by 2020. This ambitious target is coherent with the target of the company to further develop its value chain down the chemical line.
Analysts are divided as to how this will balance out with the advent of its brother, SABIC in Saudi Arabia venturing into many chemicals production through its momentous acquisitions of overseas company mainly in Europe.
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