Saudi Aramco to sign China's Yunnan refinery deal in 6 months

FILE PHOTO: A Saudi Aramco employee sits in the company stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed/File Photo

Saudi Aramco is expected to sign a final deal with PetroChina,China’s second-largest state-run refiner, within six months to invest in its Yunnan refinery, SaudiArabia’s Energy Minister Khalid al-Falih told Reuters on Wednesday.

The world’s top oil exporter aims to push ahead with its oil investments in China to become the country’s biggest source of crude supply and a major player, Falih said.

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