Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical

Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical

FILE PHOTO: Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration

Saudi Aramco is in talks to buy a 10% stake in Shandong Yulong Petrochemical Co, it said on Wednesday, a deal that would further boost the state oil giant’s investments in China.