Saudi Aramco looks to work on low-carbon energy solutions with China in addition to its crude oil supply and petrochemicals ventures in the world’s top oil importer, the Saudi oil giant’s downstream director said on Thursday. Aramco plans to expand its energy ties with China beyond crude supply and petrochemicals with joint work on clean energy solutions, downstream director Mohammed Y. Al Qahtani said at the SCMP China Conference via a video link on Thursday.
“This pioneering initiative can pave the way for other collaborations in areas that further expand the horizon of our partnerships in China – including, potentially, in areas like wind and solar,” Al-Qahtani said at the conference on Thursday. Aramco is a key crude supplier to China and has boosted its downstream presence in its most prized oil export market by signing petrochemicals deals in recent years. Earlier this year, Aramco entered into discussions with Hengli Group Co., Ltd.