Saudi Aramco boosts China investment with two refinery deals

Saudi Aramco to Invest Billions in Chinese Petrochemicals

Saudi Arabia's state-owned oil giant Aramco will invest billions of dollars in China's downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday. The announcements came as the company posted a record profit of more than $160 billion in 2022 and as Saudi Arabia, a longtime U.S. ally, has developed closer ties with Beijing in recent years. Aramco will acquire a 10% inter…

In "Huge" Chinese Push By Aramco, World's Biggest Oil Producer Will Build $10BN Petrochemical Complex, Buy 10% Stake In Top Chinese Refinery

In "Huge" Chinese Push By Aramco, World's Biggest Oil Producer Will Build $10BN Petrochemical Complex, Buy 10% Stake In Top Chinese Refinery In what has been dubbed a "HUGE push" by the Saudi state-owned petrochemical giant into China's economy, Saudi Aramco surprised the world with a double-header of pro-China news: first, Aramco said it will build a $10 billion refinery in China and, just hours later, it revealed that it would acquire a stake …

Saudi Aramco Boosts China Investment With $3.6 Billion Refinery Deal

Saudi Aramco Boosts China Investment With $3.6 Billion Refinery Deal - Sweeping set of strategic cooperation accords locks in Aramco relationship with Rongsheng Petrochemical as Russia mounts challenge to Saudi oil supply role

Saudi Aramco to invest billions in Chinese petrochemicals

Under a long-term sales agreement, Aramco will supply 480,000 barrels per day to Rongsheng affiliate Zhejiang Pettroleum and Chemical Co. Ltd., which owns and operates China's largest refining and chemicals complex

Saudi Aramco to invest billions in Chinese petrochemicals

RIYADH, Saudi Arabia (AP) — Saudi Arabia's state-owned oil giant Aramco will invest billions of dollars in China's downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday

Saudi Aramco to invest billions in Chinese petrochemicals

RIYADH, Saudi Arabia (AP) — Saudi Arabia's state-owned oil giant Aramco will invest billions of dollars in China's downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday