Saudi Aramco signs MoU to expand downstream investment in Zhejiang Free Trade Zone

摘要

LONDON (ICIS)--Saudi Aramco has signed a Memorandum of Understanding (MoU) with China’s Zhejiang Free Trade Zone to expand downstream investment, the oil major announced on Thursday. This MoU builds on prior agreements made in February for Saudi Aramco’s planned acquisition of a 9% stake in the Zhejiang integrated refinery and petrochemical complex.