Aramco committed to China's energy resilience

Aramco, one of the world's leading integrated energy and chemicals companies, has vowed to continue supporting China's long-term energy security and economic growth, eyeing greater investment and cooperation opportunities in the country, said a company executive.

"Aramco sees China as a vital part of our global investment strategy and we are actively exploring new joint ventures to support China's high-quality growth while meeting global energy demand sustainably," said Khalid Al Qahtani, Aramco senior vice-president of engineering services.

"We are currently investing in projects in China that have a collective and total value of over 240 billion yuan ($33.46 billion), with Aramco's share at over 90 billion yuan, spanning Fujian, Liaoning, Zhejiang, Jiangsu provinces, and Tianjin, focusing on downstream energy and chemical ventures," he said, adding that: "Aramco, as one of the most prominent direct investors in China, sees our role beyond investment. We aspire to be a key partner in the country's economic development journey while leveraging new opportunities on the horizon."