China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units

China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units

FILE PHOTO: An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov//File Photo

Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company’s refining unit SASREF, a filing showed on Tuesday.

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