Aramco says China joint venture to develop refinery and petrochemical complex

The Saudi Aramco joint venture in China, expected to be operational in 2024, combines a 300,000 barrel-per-day capacity refinery and ethylene-based steam cracker, with Aramco set to supply up to 210,000 barrels a day of crude oil feedstock. Huajin Aramco Petrochemical Company is a joint venture between Saudi oil giant Aramco and North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group.