
Aramco, ZPC pursue delayed China refinery investment
Argus State-controlled Saudi Aramco is facing delays closing its planned purchase of a stake in China’s biggest private-sector refining complex, but remains committed to the deal despite pullbacks elsewhere. Aramco signed an initial agreement in October 2018 to buy a 9pc stake in the 400,000 b/d ZPC refining complex at Zhoushan in the eastern province of Zhejiang, which is led