Saudi Arabia-China relations strengthen with Aramco-Sinopec deal
The ties between China and Saudi Arabia are largely based on trade and energy cooperation.
Saudi Arabia’s state-owned oil company Aramco signed an agreement yesterday with a Chinese oil giant.
The memorandum of understanding between Aramco and China Petroleum & Chemical Corporation (Sinopec) relates to cooperation within Saudi Arabia. They pledged to work together on oil industry matters as well as carbon capture and the development of hydrogen as an energy source. They will also discuss building a manufacturing hub in the King Salman Energy Park in eastern Saudi Arabia, Aramco said in a statement.
