Saudi Aramco pumps $4b into venture arm

Saudi Aramco pumps $4b into venture arm

Attendees walk by a sign for the Saudi Arabian Oil Co. (Aramco) on display inside the King Abdulaziz Center for World Culture during a tour of the project in Dhahran, Saudi Arabia, on Friday, Nov. 25, 2016. Photographer: Simon Dawson/Bloomberg

Saudi Aramco said on Wednesday it has boosted its Aramco Ventures unit by $4 billion, more than doubling the oil giant’s overall venture capital funding.