PetroChina Company Limited ADR (PTR): China, Saudi Arabia agree to $65B in pot...

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PetroChina Company Limited ADR (PTR)

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Re: Bernstein post# 37

Thursday, 03/16/2017 7:19:35 PM

Thursday, March 16, 2017 7:19:35 PM

China, Saudi Arabia agree to $65B in potential deals
Saudi Aramco may deepen investment in China’s oil industry as part of $65B worth of potential deals signed today between the two countries involving areas ranging from energy to manufacturing.
An MoU with China's state-run Norinco will look into building refining and chemical projects in China, while Saudi Arabia's SABIC, one of the world's largest petrochemical firms, and Sinopec agree to develop petrochemical projects in the two countries.

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