Middle East Economic Survey
Riyadh Reinforces China Energy Links With 200,000 B/D Yunnan Refinery Deal
State-owned Saudi Aramco on 17 March signed a memorandum of understanding (MOU) with Chinas CNPC to build a 200,000 b/d refinery in Chinas southwestern province of Yunnan. The news of the deal broke just days after Saudi Aramco announced Sinopec as its new partner on its 400,000 b/d Yanbu' export refinery project.
The deal reflects the Kingdoms...