Saudi Aramco touts 'commitment to China' with petrochemical deals

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پاکستان عنوانات خبریں

پاکستان تازہ ترین خبریں,پاکستان عنوانات

Saudi Aramco on Monday unveiled plans to acquire a 10-percent stake in a Chinese petrochemicals firm, a deal the Gulf energy giant said was evidence of its

The agreement with Rongsheng Petrochemical comes as Saudi Arabia -- the world's biggest crude exporter -- increases political ties with top importer China including a recent Beijing-brokered reconciliation with Iran.

"This announcement demonstrates Aramco's long-term commitment to China and belief in the fundamentals of the Chinese petrochemicals sector," said Aramco vice president Mohammed Al Qahtani. News of the Rongsheng deal came one day after Aramco announced it would partner with two other Chinese companies to build a refinery and petrochemical plant in the northeastern Chinese city of Panjin.Speaking on Sunday at the China Development Forum in Beijing, Aramco CEO Amin Nasser said the firm, a leading source of income for the kingdom, was"doubling down on China's energy supply".

Aramco, which is mostly state-owned and said it earned record profits totalling $161.1 billion last year, has pledged to achieve"operational net-zero" carbon emissions by 2050.

 

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پاکستان تازہ ترین خبریں, پاکستان عنوانات

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