Saudi Aramco plans to invest over SAR450 bn (~$120 bn) in oil and petrochemical projects over the next five to six years, the company’s CEO Khalid Al-Falih told Al Arabiya news channel. The company intends to spend SAR225 bn ($60 bn) on the oil sector during the next five years, with the remaining funds invested [...]

Yantai Jereh Oilfield Services Group will issue 29 mn A-shares in the Shenzhen stock market at a price of CNY59.5 per share. Proceeds are to be used to expand production and service networks.