Saudi Aramco capex could shrink more than $21 billion as expansion plans shelved

Analysts foresee sizeable impact on company's investment plans by end of this decade, as crucial expansion projects including Safaniyah and Manifa could be deferred

Capex plans: Saudi Aramco chief executive Amin Nasser.
Capex plans: Saudi Aramco chief executive Amin Nasser.Photo: REUTERS/SCANPIX
Published 31 January 2024, 07:19Updated 31 January 2024, 08:50