Saudi FM confers with US Marathon Oil company

Saudi Foreign Minister Prince Saud al-Faisal met on Monday in the city of Jeddah with the chairman of the US Marathon Oil company, Victor Beijan, and the company's deputy executive president for planning and technical resources affairs, John Bawzbali. The two sides discussed the possibility of investment in value-added petroleum products in Saudi Arabia.

Saudi Arabia has invited international oil companies to invest in its territories in the areas of oil industries and gas away from exploration and production spheres, which are the speciality of the Saudi Aramco company.