Saudi Aramco, China still in talks to build joint refinery

10/03/2016 Argaam

State-owned Saudi Aramco is still in talks with China National Petroleum Corp (CNPC) to build a joint venture refinery in China, Asharq Al-Awsat daily reported on Wednesday, citing chief executive officer, Amin Nasser.

 

The Saudi oil giant is considering setting up a petrochemical complex at Ras Tanura refinery, to aggrandize profit margins as part of its high-yield target projects going forward, Nasser added on the sidelines of the fourth Manufacturing Industries Forum in Jubail.

 

In August, MEED reported that Saudi Aramco and Saudi Basic Industries Corp (SABIC) were planning a major petrochemical complex near its refinery in Ras Tanura.

 

The planned project is set to comprise several units that will provide output for other plants at the complex. 

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