Saudi Aramco plans $10 billion China oil refinery complex for 2026

Saudi Aramco and its Chinese partners aim to start full operations at a refinery and petrochemical project in northeast China in 2026 to meet the country’s growing demand for fuel and petrochemicals, the state-owned major said on Sunday.

The project in Liaoning province’s city of Panjin, expected to cost $10 billion, will be Aramco’s second major refining-petrochemical investment in China.