Saudi Aramco Eyes Cooperation With China Beyond Just Oil

News From Caixin Global 

Saudi Aramco sees opportunities to invest in and cooperate with China in the fields of chemicals, green materials, energy transition, and digital innovation, said Amin Nasser, the president and CEO of the Saudi Arabian oil giant.

While energy remains “a strategic pillar” of Aramco’s relationship with China, future opportunities extend beyond investing and cooperating in energy alone, he said Monday at the China Development Forum in Beijing.

China’s goals for chemicals align with those of Aramco, which acquired a majority stake in petrochemicals manufacturer Saudi Basic Industries Corp. (SABIC) in 2020 and aims to boost its crude oil-to-chemicals output, according to Nasser.