Aramco increases its investments in refining and petrochemical facilities in China

Saudi Aramco will invest more in its refining and petrochemical business in China as the Saudi oil giant tries to extract more money from every barrel of oil the kingdom produces amid a global shift toward a low-carbon economy, a company executive said.
Senior Vice President of Strategy and Market Analysis at Saudi Aramco, Mr. Fahd Al-Dubaib, spoke about the importance of China to the company’s business in Asia and the world. Mr. Fahad Al-Dubaib told Caixin last month in a written interview.
“Our partnerships in China enable us to help create new growth paths by working with a country that is leading the increasing integration of refining and petrochemical operations.”