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Saudis investing in JVs with Asian refiners

Aramco pursues 'long-term growth strategy' by seeking to secure demand for its crude

Published Fri, May 8, 2015 · 09:50 PM
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Seoul

SAUDI Arabia is spending generously on Asian refiners to lock in its position as the region's biggest supplier of oil for decades to come.

The Saudi national oil company is part of a group that's building a processing plant in China and it teamed up with Asia's biggest refiner on another plant in Fujian province.

Oil Minister Ali al-Naimi travelled to Beijing last month, h…

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