A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi, United Arab Emirates. (Photographer: Christopher Pike/Bloomberg)

Aramco Plans $6 Billion Korean Refinery Boost to Place Saudi Oil

(Bloomberg) -- Saudi Aramco is planning a $6 billion expansion at its South Korean refining unit as the state-owned producer signs deals to ensure long-term demand for its crude in Asia.

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