Saudi Aramco, once regarded as a national oil company deeply embedded in the Kingdom’s operations, is undergoing significant changes that are reshaping its role in the global oil market.
While it remains under the influence of the Saudi government and Crown Prince Mohammed bin Salman, Aramco has quietly transformed into a major international player.
It has expanded its reach by acquiring assets in Europe, Africa, and Latin America, effectively evolving into an international national oil company (INOC) rather than a traditional national
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