Saudi cooperation with China continues with finalization of long-planned refinery deal

Saudi cooperation with China continues with finalization of long-planned refinery deal

Saudi’s state-owned oil company finalized a deal yesterday to built a major energy complex in China. 

Aramco made the “final investment decision” to develop a refinery and petrochemical complex in northeast China with the North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group companies, the official Saudi Press Agency reported. 

One Aramco executive said that China is key to their plans to expand in Asia.