Business
Saudi Aramco Suspends $10 Billion China Oil Refinery Venture – Yahoo Finance Australia
(Bloomberg) — Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices.Saudi Arabian O…
(Bloomberg) —
Saudi Arabias state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices.
Saudi Arabian Oil Co., or Aramco, decided to stop investing in the facility in Chinas Northeastern province of Liaoning after negotiations with its Chinese partners, said the people, who asked not to be identified as the matter is private. The uncertain …
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