Oil industry has made ‘a massive investment’ in the country’s infrastructure

Oil industry has made ‘a massive investment’ in the country’s infrastructure

An oil-industry source recently announced its plan to invest $10 billion in infrastructure projects in the coming year.

The Saudi Aramco oil and gas giant, which is the world’s largest publicly traded company, said it would build a refinery in Saudi Arabia and a new pipeline network to export oil from the country.

It will also expand the number of refineries it has in the kingdom, it said.

Oil-related infrastructure projects have been a priority for Saudi Arabia in recent years, as the country struggles to address a long-term economic slump caused by the devastating 2015 earthquake and subsequent oil price collapse.

In November, the kingdom’s King Salman announced a new plan to tackle a severe shortage of oil in 2020, which had prompted international condemnation.

The kingdom has struggled to address the problems, particularly in its export-dependent oil industry.

The country has struggled for years to find enough crude oil to power its booming economy, which relies heavily on exports.

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