Aramco’s New Chinese JV Refinery Gets First Saudi Crude Cargo

Saudi Aramco’s newest joint venture refinery in China has received its first cargo of Arab crude as it prepares for start-up, the Saudi oil giant said in a statement to Bloomberg on Wednesday, without providing a timeline for the start of commercial operations. Saudi Arabia and its state-owned oil giant early this decade embarked on a strategy to set up joint ventures with local Chinese partners to build refineries that would process Arab crude grades, to secure deliveries in China in the long term. The Huajin Aramco Petrochemical Company…