Saudi Aramco suspends plans for USD10-billion China refinery-petchems joint venture
24.08.2020
MOSCOW (MRC) -- Saudi Aramco has suspended plans to participate in a joint venture (JV) to build a USD10-billion refining and petrochemicals complex at Liaoning, China, as the company cuts spending in response to continued low oil prices, according to BloombergВ with reference toВ people familiar with the matter.Aramco decided to stop investing in the JV project after negotiations with it