Saudi Aramco CEO says majority of capex will be upstream Posted on March 22, 2022 by cngpump Aramco announced on Sunday it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade. Related posts: Industrialist Gautam Adani explores partnerships with Saudi Aramco Euro zone in trade deficit for third month as energy costs surge India may relook inflation, growth projections, says RBI deputy governor Michael Patra Oil, sanctions, jets: How Congress pushes Biden on Ukraine Russian oil sale to India complicates Biden’s efforts Fertiliser subsidy may exceed RE by Rs 10K cr; fiscal deficit to remain close to 6.9% in FY22 IEA fears global crude oil supply ‘shock’ over Russia sanctions Saudi Arabia says it is not responsible for high crude oil prices EXCLUSIVE-Norway’s Equinor halts trading Russian oil – CEO EU seeks energy price-busting strategy amid Ukraine crisis