Dammam, March 25, 2025 – Saudi Aramco President and CEO Amin Nasser reaffirmed the company's ongoing efforts to explore new investment opportunities in China, a crucial market for Aramco and an integral part of its global strategy.
Speaking at the China Development Forum in Beijing, Nasser discussed Saudi Aramco's current investments and operations in China, focusing on the provinces of Fujian, Liaoning, Zhejiang, and Tianjin. He reiterated Aramco's commitment to exploring further investment opportunities in the energy, chemicals, and technology sectors.
Nasser highlighted China's development plans, which prioritize quality and necessitate energy and industrial raw materials. He emphasized Aramco's role in supporting China's energy and chemical security through various investments in refining, chemicals, and marketing projects.
"China is the world's top producer and consumer of petrochemicals, accounting for nearly half of the global demand for chemical materials," Nasser stated. He emphasized China's growing role as a global hub for the chemical industry value chain and its significance for future industries.
Additionally, he pointed out that oil and gas remain essential for China's economic growth and forecasted a shift in China's oil demand from transportation fuel to feedstock for the petrochemical sector, driven by the rising demand for plastics, synthetic fibers, and advanced materials. He concluded that consistent supplies of these materials are crucial for key sectors in China, including energy, automotive, aerospace, and construction.