China’s Rongsheng, Saudi Aramco in talks to buy stake in each other’s units

Capt. John

Chinese privately-controlled refiner Rongsheng Petrochemical 002493.SZ and Saudi Aramco 2222.SE are in talks for the Chinese company to buy a 50% stake in the Saudi company’s refining unit SASREF, a filing showed on Tuesday. Rongsheng is also negotiating to sell Aramco an up to a 50% stake in its...

https://www.hellenicshippingnews.com/chinas-rongsheng-saudi-aramco-in-talks-to-buy-stake-in-each-others-units/

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