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Aramco expands China presence to satisfy demand

Saudi Aramco plans to continue expanding its downstream presence in China to support the country’s energy security, said Mohammed Al Qahtani, Saudi Aramco’s president of downstream business, adding that Aramco will also support China’s green transition by reducing the low carbon intensity of oil production and working on solutions such as advanced carbon capture and storage. Aramco believes that demand for petroleum products in China is recovering robustly, especially in the transport and petrochemical sectors.