ChemBriefAramco eyes further petchem investments in China
Saudi Aramco's CEO indicated interest in further petrochemical investments in China, citing the large market size and relatively low project costs.
chemweek · 2026-03-10 01:53 UTC
Saudi Aramco's CEO indicated interest in further petrochemical investments in China, citing the large market size and relatively low project costs.
Saudi Aramco acquired an additional stake in Petro Rabigh for $702 million, becoming its largest shareholder, while Sumitomo Chemical's holding fell to 15%.
Aramco spent over $5 billion in H1 on integrated refining and petchem projects. The move advances its liquids-to-chemicals strategy despite current market headwinds.