![Aramco to Expand Presence in China by Acquiring 10% Stake in Rongsheng Petrochemical](/media/6222/ar_aepca-10-srp_01.jpg?anchor=center&mode=crop&width=500&height=286&rnd=133245941640000000)
Aramco to Expand Presence in China by Acquiring 10% Stake in Rongsheng Petrochemical
Aramco has signed definitive agreements to acquire a 10% interest in Shenzhen-listed Rongsheng Petrochemical Co. Ltd. (“Rongsheng”) for RMB 24.6 billion ($3.6 billion at current exchange rates) in a deal that would significantly expand its downstream presence in China.