Saudi Aramco has no plans to exit more overseas refining ventures following the sale of its stake in the Philippines' top refiner Petron Corp last week, a spokesman for Aramco's overseas unit said on Monday.
"There are no plans to sell any of our interests in other refining ventures," the Aramco Overseas Company spokesman said in a statement.
Aramco remains focused on a $50 billion (Dh184bn) upstream and downstream expansion programme at home and on international markets with the potential for substantial future demand growth for refined products, the spokesman said.
The London-based Ashmore Group approached Aramco to buy the $550 million stake in Petron, he said. (Reuters)
Aramco has no plans for more exits