Aramco eyes 10% stake in Shandong Yulong amid China’s booming petrochemical market
In a significant move marking global integration in the energy sector, Saudi Arabian oil magnate, Aramco, has inked a Memorandum of Understanding (MoU) with China’s Shandong Yulong Petrochemical Co., Ltd. The pivotal agreement could see Aramco acquiring a 10% strategic equity in the Shandong-based petrochemical powerhouse, reinforcing its footprint in China’s burgeoning petrochemical landscape. Key […]