Bulletin Updates

Aramco expands downstream presence in China with $3.6bn acquisition – 29 Mar 2023

Mar 29, 2023

Aramco has acquired a 10% stake in a Chinese petrochemical firm for $3.6 billion, allowing them to expand its presence in China's downstream market. The deal includes the supply of 480,000 barrels of crude per day to China's largest refining and chemicals complex.

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