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November 11, 2019updated 15 Nov 2019 10:14am

Aramco agrees 2020 crude oil deal with unnamed Chinese companies

The agreements solidify the company’s position as China’s top crude supplier.

By MEED   

Saudi Aramco, Saudi Arabia’s state oil and petroleum company, has announced signing crude oil sales agreements for 2020 with five Chinese customers.

The deals increase Aramco’s total sales volumes to China by 151,000 barrels a day (b/d) compared to 2019. Aramco did not mention which Chinese firms it signed the agreements with.

The agreements solidify the company’s position as China’s top crude supplier.

CIIE trade fair

The agreements were signed in Shanghai on the sidelines of the second China International Import Expo (CIIE), the largest trade fair held under the patronage of Chinese President Xi Jinping.

MEED

This article is sourced from Power Technology sister publication www.meed.com, a leading source of high-value business intelligence and economic analysis about the Middle East and North Africa. To access more MEED content register for the 30-day Free Guest User Programme. 

 

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