Aramco eyes expansion in China with strategic stake in Hengli Petrochemical
Saudi Aramco, officially known as Saudi Arabian Oil Company, is exploring an expansion into China’s chemical sector by acquiring a 10% stake in Hengli Petrochemical Co., Ltd., a significant move that underscores the company’s strategic shift towards its downstream operations. This development comes after the two companies signed a Memorandum of Understanding (MoU), which paves […]