SINGAPORE -Saudi Aramco signed an agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in northeast China that is expected to start in 2026 to meet the country's growing demand for fuel and chemicals. The project in Liaoning province's city of Panjin will be Aramco's second major refining-petrochemical investment in China and follows the world's top oil exporter reporting a record profit of $161 billion in 2022. Joint venture Huajin Aramco Petrochemical Co (Hapco) will build and operate the complex that will house a 300,000 barrels per day (bpd) oil refinery and a cracker with annual production capacity of 1.

https://business.inquirer.net/393277/saudi-aramco-inks-12-2-b-china-oil-refinery-petrochem-complex-deal

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