Saudi Aramco Reshuffles Management, Forms New Division

The video discusses Aramco's strategic adjustments in response to a 30% drop in oil prices, focusing on maintaining a $75 billion dividend. Aramco plans to sell non-core assets, including stakes in its pipeline business, and has suspended a $10 billion refinery project in China. The company is expected to focus on its downstream sector for potential divestments, while its profitable upstream operations remain untouched.

What impact does the management change at Aramco have on its operational strategy?

In what ways could the downstream sector be affected by Aramco's portfolio reshuffling?