Amin Nasser, Aramco President & CEO, said China occupied a key position in Aramco’s global strategy, and that the company continued to identify additional investment opportunities in the Asian nation.

Underlining Aramco’s ongoing activities in China in a speech at the China Development Forum in Beijing, he said: "In China, Aramco is actively supporting energy and chemical feedstock security by investing in multiple downstream projects. In fact, China is among our key investment destinations. Our investments are currently in Fujian, Liaoning, Zhejiang and Tianjin. I emphasize ‘currently’ because we are continuing to identify additional opportunities, which include energy and chemicals, as well as technology."

Nasser said China was already the world’s largest consumer and producer of petrochemicals, accounting for nearly half of global demand. "And it is becoming a major hub for the entire chemicals industry value chain, which will be critical to industries of the future," he added.