Saudi Aramco Reportedly Halts Domestic Chemical Initiatives Due to Oil Price Pressures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2025
0mins
Source: SeekingAlpha
Project Suspensions: Saudi Aramco has suspended work on three major petrochemical expansions due to lower crude prices impacting finances, delaying engineering and design phases to manage budget pressures.
Shift in Focus: The company is prioritizing overseas investments in petrochemical ventures in China and South Korea, while continuing domestic projects like the Jafurah gas field, amidst a backdrop of declining oil prices and profits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
