News
27 September 2023

Shenghong in preliminary deal with Aramco for equity investment

In:
Chemicals/Petrochemicals
Region:
Asia-Pacific

China's privately controlled Jiangsu Eastern Shenghong has entered a preliminary deal with Saudi Aramco for the Middle Eastern oil major to become a minority stakeholder in its refining and petrochemical unit.Under a framework agreement, Saudi Aramco intends to become a strategic investor in...

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