The Chinese Hengli signs an agreement with Aramco for 3.6 billion dollars

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Thank you for your reading, the Chinese Hengli signs an agreement with Aramco for $ 3.6 billion. We assure you that we always try to provide you with all that is new and exclusive. Now let's go into the details.

JEDDAH (Reuters) – China's private conglomerate Hengli Chemical announced today that it has signed an agreement with Saudi Aramco for the purchase of crude oil for 2019.

The agreement includes 130 thousand barrels per day and the value of 3.6 billion dollars, according to "Reuters".

This is the second major marketing agreement between the largest oil producer in the Organization of Petroleum Exporting Countries (OPEC) and a private Chinese refinery.

The deal was concluded last week at the China International Import Fair in Shanghai, valued at $ 3.6 billion based on the current market price, according to a statement by Hengli, confirmed by the spokesperson for the company. company.

Aramco and the Zhejiang Rongsheng Refining Special Group signed a long-term deal for the supply of 170,000 barrels per day (bpd) of crude oil and were also looking for a stake in the Rongsheng refinery in eastern China.

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