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Aramco Takes Stake In China Petchems

OIL

Saudi state-owned Aramco today announced the successful acquisition of a 10% stake in China's private sector Rongsheng Petrochemical for $3.4bn.

  • That includes the supply of 480k b/d of Arabian crude to the 800k b/d ZPC complex, which can produce 4.2mn mt/yr of ethylene.

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