Saudi Aramco to Build Refinery With Chinese Partners

The Saudi Aramco oil company’s logo outside their Research and Development center in Saudi Arabia. Photo: Bloomberg

(Bloomberg) -- Saudi Aramco and its Chinese partners will start building a huge refining and petrochemical complex in the Asian nation, accelerating development that was paused during the pandemic.

Aramco agreed to start construction on the complex in Liaoning Province with North Huajin Chemical and Panjin Xincheng, Chief Executive Officer Amin Nasser said at the China Development Forum in Beijing on Sunday. In a separate statement, the Saudi company said development is due to begin in the second quarter and the project is expected to be fully operational by 2026.