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Saudi Arabia, the world's largest oil exporter, is seeking to build crude sales and expand in Asia as OPEC producers fight for market share in the U.S.Aramco Asia will become a holding company and run all of Aramco's ventures in the region, the people said.Saudi Arabia increased oil prices for Asia next month while offering American buyers another month of reductions.China is the world's biggest energy buyer and Saudi Arabia shipped 68 percent of its crude exports to Asia and 19 percent to the U.S. last year, data from the U.S. Energy Information Administration show. Aramco sold 53.8 percent of its crude to Asian customers, according to its 2013 annual review.
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