The signing ceremony
Aramcosigned definitiveagreementsto acquirea 10% interest inShenzhen-listedRongsheng PetrochemicalCo. Ltd.forRMB 24.6 billion ($3.6 billion at current exchange rates).
The deal willsignificantlyexpand Aramco’s downstream presence in China, the world’s largest oil exporter said in an emailed statement to Argaam.
Throughthestrategicarrangement,Aramcowouldsupply 480,000 barrels per day (bpd) of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and Chemical Co…
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