![FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/AENC6CNKNIQDOJA2STFCOMJ6P4.jpg?smart=true&auth=692df095451eee2e5eeb894da37c1a1b4697bd4c7922cf38d69b6efd6cb40726&width=400&height=225)
Saudi Aramco's acquired a 70 per cent stake in Sabic earlier this year. Reuters
Saudi Aramco's acquired a 70 per cent stake in Sabic earlier this year. Reuters
Saudi Aramco acquires 17 per cent stake in South Korea's Oilbank
The acquisition will help the Saudi state with its oil placement strategy