Saudi Aramco Seeks More China Deals in Oil-to-Chemicals Push

Saudi Aramco Seeks More China Deals in Oil-to-Chemicals Push

Via Anthony Di Paola in bnnbloomberg.ca: The world’s largest crude exporting company is targeting additional facilities that can turn oil into chemicals, Chief Executive Officer Amin Nasser said. Aramco sees demand for goods such as plastics outlasting the growth in consumption for gasoline and diesel amid the energy transition. “We are looking currently at a number of investments in China that will be announced in due course this year and next year,” Nasser said on an earning call Tuesday. He also mentioned South Korea and India as potential investment destinations.





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