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Aramco is expanding its downstream operation in China.

Aramco completed the purchase of Esmax, marking the Saudi energy giant's entry into the South American fuel retail market.

Saudi Arabian Oil Co said Monday it has agreed to acquire 10 percent of Rongsheng Petrochemical Co. Ltd. for $3.6 billion.

An influx of cheaper US and European barrels drives up competition in the world's biggest importing region.

Hengli Petrochemical, a subsidiary of Hengli Group, owns and operates a 400,000-barrel-per-day refinery and integrated chemicals complex in Liaoning Province.

Aramco is also exploring significant investments in the Saudi and Chinese petrochemical sectors in partnership with Rongsheng.

Aramco met with Turkish contractors to discuss $50 billion of potential projects in the Gulf kingdom.

Aramco has started talks with potential backers for its $110 billion Jafurah gas development, according to people familiar with the matter.

Aramco has been seeking equity investors that could help fund midstream and downstream projects at its more than $100 billion Jafurah gas development in the east of the kingdom.

Under the terms of the HoA, Aramco expects to purchase 1.2 million metric tons per annum (mtpa) of LNG for 20 years on a free on board basis, at a price indexed to Henry Hub.