CHINA-LIAONING-PANJIN-SAUDI ARAMCO-CHEMICAL PROJECT (CN)

CHINA-LIAONING-PANJIN-SAUDI ARAMCO-CHEMICAL PROJECT (CN)

(230329) -- PANJIN, March 29, 2023 (Xinhua) -- Mohammed Al Qahtani, Aramco Executive Vice President Downstream, speaks at the groundbreaking ceremony of a major chemical project, a joint investment initiative by China and Saudi Arabia, in Panjin City of northeast China's Liaoning Province, March 29, 2023. The total investment of the project is 83.7 billion yuan (about 12.2 billion U.S. dollars), of which Saudi Aramco holds a 30 percent stake while the North Huajin Chemical Industries Group Corporation and Panjin XinCheng Industrial Group hold 51 and 19 percent, respectively. After it is put into operation, the project is expected to become a world-class petrochemical and fine chemical industry base in China. (Xinhua/Pan Yulong)

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  • ILEA001257179
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  • 2023/3/29 00:00:00
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  • Xinhua / Kyodo News Images
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  • Xinhua News Agency.All Rights Reserved
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