Aramco Is Only Going to Invest More in China, Executive Says

Saudi Aramco will keep increasing its investments in China, with the world’s biggest oil producer already holding stakes in four Chinese companies and currently in talks with several others, an Aramco executive vice president told Caixin.

“Once these investments are completed, China will become one of Aramco’s largest overseas investment destinations in the world,” Yasser Mufti, Aramco downstream executive vice president of products and customers, said in an interview last week.