Saudi Aramco CEO Amin Nasser reveals plans to invest more in China due to strong oil demand.
Saudi Aramco CEO Amin Nasser stated that the company is exploring more investment opportunities in China, as oil demand in the country remains robust and growing. Aramco has been ramping up its China presence through deals in refining and petrochemicals, with some involving crude offtake agreements. Nasser expects the global oil market to remain healthy in 2024, with growth of around 1.5 million barrels.
March 10, 2024
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