Saudi Aramco touts 'commitment to China' with petrochemical deals

Riyadh (AFP) March 27, 2023

Saudi Aramco on Monday unveiled plans to acquire a 10-percent stake in a Chinese petrochemicals firm, a deal the Gulf energy giant said was evidence of its "long-term commitment to China". The agreement with Rongsheng Petrochemical comes as Saudi Arabia - the world's biggest crude exporter - increases political ties with top importer China including a recent Beijing-brokered reconciliation