Saudi Aramco said on Wednesday the government had no plans to impose private partnerships on the oil giant, after it launched a programme to support private investment in the kingdom as part of Saudi Arabia's diversification push.
Saudi Crown Prince Mohammed bin Salman said on Tuesday state-controlled Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals by the local private sector by 2030 under a programme called Shareek .The initiative aims to mobilise investment by the private sector of the world's biggest oil exporter to help wean the economy off reliance on crude, which still accounts for more than half the state's income.
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