Proceeds will help Crown Prince’s ambition to diversify the Saudi economy with investments in sport, AI, tourism and the desert project Neom

The Saudi oil colossus already holds stakes in four Chinese companies and is in talks to invest in several more

Saudi oil group sees demand for petrochemicals used in plastics continuing to rise despite the clean energy transition

The fourth quarter dividend rose even as lower oil output pushed net income down 25%

World’s biggest oil producer and Chinese petrochemical giant to buy mutual stakes as they expand supply partnership

The country is crucial for the Saudi oil giant to create ‘new pathways for growth,’ senior executive says

The oil giant is reviving development of a large petrochemical complex in the second quarter and expects to have the project fully operational by 2026

Chief Executive John Lee, seeking broader ties with Saudi Arabia, leads business delegation including Hong Kong exchange CEO Nicolas Aguzin

Joint venture set up in 2019 went on ice two years ago amid plunging oil prices and pandemic disruptions

The Saudi Arabian oil colossus is also looking to collaborate on ammonia, synthetic fuels and carbon capture utilization and storage

Pandemic curbs global demand, squeezing margins on oil and changing investment case for refining, but Chinese side plans to press ahead with the Liaoning project

World’s largest crude importer brought in 414.6 million tons in first 10 months of this year, with the kingdom remaining its biggest supplier

An investment in Aramco would cement ties with Saudi Arabia as well as provide China a way to profit from rising oil prices

Saudi Aramco aims to move beyond ‘buyer-seller’ relationship, CEO tells Caixin

Global energy giant completes series of deals in campaign to cement role as major partner to China in rivalry with Russia

Long-term contract calls for Hengli Petrochemical to get 20 million tons of oil a year

Major Saudi oil exporter returns to talks to invest in refinery as it seeks to win back market share from rival