Saudi Arabia’s oil giant, in an effort to boost its downstream presence in China, is in discussions to buy a minority stake in a Chinese petrochemical company.
Aramco, one of the world s leading integrated energy and chemicals companies, has entered into discussions with Hengli Group Co., Ltd. regarding the potential acquisition of a 10% stake in.
By Christian Moess Laursen Saudi Aramco has signed a preliminary deal with Hengli Group to buy a 10% stake in the Chinese company s petrochemical subsidiary, adding to its presence in China as.
Albawaba – The Saudi petroleum giant, Aramco, has announced that it is in talks with Chinese firm Hengli Petrochemical regarding a potential acquisition