Saudi Aramco is planning to invest a total of USD334bn by 2025, including spending on infrastructure and projects to maintain oil capacity, according to Aramco’s Vice President for Procurement and Supply Chain Management. The 10-year figure includes spending on material and services to support service facilities, infrastructure projects, drilling and maintain potential projects, unconventional resources - such as shale gas- in the exploration phase and development. The company had outlined last year “In-Kingdom Total Value Add (IKTVA)” plan worth USD300bn of spending over the next 10 years, of which 70% would be local content, aiming to double the share of locally produced energy-related goods and services to 70% by 2021. As part of its local focus for the supply chain, Aramco aims to create around 500,000 direct and indirect jobs for Saudi nationals. (Reuters)