A tour of Asia by Saudi Arabia’s crown prince Mohammad bin Salman has resulted in a slew of deals to bolster the country’s overseas downstream expansion drive.State-owned Saudi Aramco on 22 February signed an agreement with Chinese conglomerate Norinco and local government-backed Panjin Sincen to establish a joint venture to develop a 300,000 b/d integrated refining and petrochemical complex in northeast China’s Liaoning province.The estimated cost is over $10bn.
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