Saudi Aramco boosts China investment with two refinery deals
21 Articles
21 Articles
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 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
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