Saudi Aramco’s international downstream expansion plans appeared to have hit a wall in recent years, with planned facilities in Indonesia, India and China stalling. This week has seen the firm revitalize its strategy, with moves to add more than 300,000 b/d to its Chinese refining capacity.
The biggest announcement came on 10 March, when Aramco said it had taken the final investment decision (FID) on a greenfield refining and petrochemicals complex at Panjin in China’s northeastern Liaoning province. The facility will be developed by the Huajin Aramco Petrochemical Company (Hapco) joint venture, and is planned to begin operations in 2024. (CONTINUED - 873 WORDS)
