Saudi Aramco Boosts Cooperation With Chinese Petrochemical Giants

The world’s biggest crude oil exporter and largest oil company, Saudi Aramco, has signed additional agreements with China’s Rongsheng Petrochemical and Hengli Group to advance talks on cooperation in the refining and petrochemical sectors in China and Saudi Arabia. Aramco signed a Development Framework Agreement with Rongsheng regarding the potential joint development of an expansion of Saudi Aramco Jubail Refinery Company (SASREF) facilities, the Saudi oil giant said on Wednesday. The agreement is a follow-up of an April cooperation…