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Saudi Aramco looks to Asia for its energy growth

As oil giant prepares a record-breaking IPO, new energies are entering the mix

Saudi Aramco CEO Amin Nasser speaks to the Nikkei Asian Review in Tokyo. (Photo by Mamoru Yago)

TOKYO Saudi Aramco, the state oil company of Saudi Arabia, wants to expand further in Asia as part of the kingdom's drive to diversify its economy, President and CEO Amin Nasser said in an interview in Tokyo.

"Saudi Aramco is looking at additional investments in China, and India is also a very important destination which we are giving great consideration, and [where we are] currently in discussion with some companies," Nasser said, suggesting that plans for an Indian refinery are crystallizing.

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