Saudi Aramco has entered negotiations with China on downstream investment projects.
One of these projects includes the possible reactivation of a joint venture project signed in 2019 with China's NORINCO Group to build a crude oil refinery and petrochemical complex in Panjin.
With a project value that exceeds $10 billion, a renewed project would make it the largest Sino-Foreign JV.
Tactical Report has prepared a 317-word report to shed more light on the negotiations and on Aramco-NORINCO project.