Saudi Aramco signs agreements with Rongsheng Petrochemical and Hengli Group for refining and petrochemical collaboration.

Saudi Aramco has signed new agreements with Chinese firms Rongsheng Petrochemical and Hengli Group to strengthen collaboration in refining and petrochemicals. A Development Framework Agreement with Rongsheng focuses on expanding the Jubail Refinery, while talks with Hengli involve a potential 10% stake acquisition in Hengli Petrochemical, pending regulatory approvals. These partnerships aim to bolster energy security and economic growth in both nations.

September 11, 2024
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