Aramco CEO Amin H. Nasser emphasized that China is critical to Aramco’s global growth plans, highlighting ongoing projects in regions like Fujian, Liaoning, Zhejiang, and Tianjin. These projects focus on investments aimed at supporting China’s energy and chemical security. Aramco is continuing to invest in these areas to support China’s high-quality growth.
One notable project is a $10 billion petrochemical complex in Fujian province. This investment, in collaboration with Sinopec Corp., is planned to be operational by 2030. The facility will have a refining capacity of 16 million tons and will produce 5 million tons of petrochemical feedstock annually. With this project, Aramco aims to supply the raw materials needed by China.
Aramco’s investments are not limited to the energy and chemical sectors. The company is also looking for opportunities in the technology sector, aiming to contribute to China’s global role in the chemical value chain. By diversifying its investments in this area, Aramco plans to achieve sustainable growth in the future.
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