Saudi Aramco signs deal for $10 bin China refinery JV

摘要

Saudi Aramco agreed with China's Norinco and Panjin Sincen to set up a US$10 billion joint-venture refining and petrochemicals complex in China's Liaoning province. The partners will create a new company, Huajin Aramco Petrochemical Co. Ltd., as part of a project that will include a 300 thousand barrel per day refinery with a 1.5 million metric tonnes per annum (mmtpa) ethylene cracker and a 1.3 mmtpa PX unit, Aramco said in a statement.