Aramco and Rongsheng explore new opportunities in Saudi Arabia and China
- Date: 27-Apr-2024
- Source: Gulf News
- Sector:Oil & Gas
- Country:Saudi Arabia
Aramco and Rongsheng explore new opportunities in Saudi Arabia and China
In July 2023, Aramco acquired a 10 per cent interest in Rongsheng through its subsidiary Aramco Overseas Company BV, based in the Netherlands. Rongsheng, in turn, owns a 100 per cent equity interest in ZJPC, which operates an aromatics production complex and has an interest in a joint venture that produces purified terephthalic acid.
Mohammed Y. Al Qahtani, Aramco Downstream President, said: “These discussions highlight our ambition to advance our liquids-to-chemicals strategy with strategic partner Rongsheng, both in the Kingdom of Saudi Arabia and China. In building on our existing relationship, we aim to advance our expansion in a key geography and attract new investment to the Saudi downstream sector.”
Aramco and Rongsheng explore new opportunities in Saudi Arabia and China
Select Sector 
Select Country 
