August 31, 2016 / 12:10 PM / 3 years ago

Saudi Aramco in advanced talks to build China refinery: chairman

The logo of CNPC (China National Petroleum Corporation) is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

KHOBAR, Saudi Arabia (Reuters) - Saudi Aramco (IPO-ARMO.SE) is in advanced negotiations with China National Petroleum Corporation [CNPET.UL](CNPC) to build the Yunnan refinery in China, its chairman said on Al Arabiya TV on Wednesday.

Khalid al-Falih, who is also Saudi Arabia’s energy minister, said: “We hope to reach an agreement this year.”

The minister added that he is optimistic on demand for oil.

Reporting by Reem Shamseddine; Editing by David Goodman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below