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Aramco assesses possible investment in Shandong Yulong Petrochemical

Aramco assesses possible investment in Shandong Yulong Petrochemical
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Saudi Arabian Oil : Aramco assesses possible investment in Shandong Yulong Petrochemical -October 11, 2023 at 08:45 am EDT

Saudi Aramco Assesses Possible Investment in Shandong Yulong Petrochemical

Aramco, one of the world’s leading integrated energy and chemical companies, Nanshan Group Co., Ltd., Shandong Energy Group Co., Ltd., and Shandong Yulong Petrochemical Co., Ltd. signed on Wednesday a Memorandum of Understanding (MoU) to facilitate discussions relating to the possible acquisition by Aramco of a 10% strategic equity interest in Shandong Yulong Petrochemical Co., Ltd. (Shandong Yulong), subject to due diligence, negotiation of transaction documents and required regulatory clearance.

Aramco in talks for 10% stake in Shandong Yulong Petrochemical

Aramco in talks for 10% stake in Shandong Yulong Petrochemical
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