Saudi Aramco boosts China investment with two refinery deals

Summary by Ground News

Saudi Aramco raised its multi-billion dollar investment in China by finalising and upgrading a planned joint venture in northeast China and acquiring an expanded stake in a privately controlled petrochemical group.

Published 2 months ago · Riyadh, Saudi Arabia

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Reuters

Saudi Aramco to open new China refinery-petchem complex in 2026

SINGAPORE - Saudi Aramco and its Chinese partners aim to start full operations at a refinery and petrochemical project in northeast China in 2026 to meet the country's growing demand for fuel and petrochemicals, the state-owned major said on Sunday. The project in Liaoning's Panjin city, expected to cost $10 billion, will be Aramco's second major refining-petrochemical investment in

2 months ago·United Kingdom

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The Hindu

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

2 months ago·India

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Associated Press News

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 in the construction of a new refinery. The announcements on Sunday and Monday

2 months ago·United States

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abc News

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 in the construction of a new refinery

2 months ago·United States

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South China Morning Post

Saudi Aramco signs deals with Chinese partners to build refinery

The world’s biggest energy company agreed to the landmark deal with North Huajin Chemical and Panjin Xincheng to start construction in Liaoning Province.

2 months ago·Hong Kong

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Channel News Asia

Saudi Aramco to open new China refinery-petchem complex in 2026

SINGAPORE : Saudi Aramco and its Chinese partners aim to start full operations at a refinery and petrochemical project in northeast China in 2026 to meet the country's growing demand for fuel and petrochemicals, the state-owned major said on Sunday.The project in Liaoning's Panjin city, expected to cost $

2 months ago·Singapore

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