Aramco buys $3.4bn worth stake in Rongsheng Petrochemical
Aramco will also supply 480,000bopd of crude to the ZPC-owned integrated refining and chemicals complex in China.
24 July 2023
24 July 2023
Aramco will also supply 480,000bopd of crude to the ZPC-owned integrated refining and chemicals complex in China.
The Russian oil and gas company’s concession will come to an end within a week.
The announcement comes as the Russian Government negotiates falling oil and gas revenue.
Just Stop Oil has protested against new oil, gas and coal licences for the past year and a half. Since then, several protestors have been shoved off the road, knocked down and arrested in London.
Portugal is the latest in a growing number of European countries electing to leave the treaty.
Clean-up operations are predicted to last a week.
The proposed Saguaro Energia LNG facility is expected to be completed in 2026.
The support will include expedited permit approval to streamline the construction of the $14bn project.
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