Saudi Aramco inks $12.2 billion Chinese oil refinery, petchem complex deal

SINGAPORE, March 27 (Reuters) – Saudi Aramco (2222.SE) on Sunday signed an agreement with Chinese partners for an oil refining and petrochemical project in northeastern China expected to open in 2026 to meet growing demand from the land to fuel and chemicals. The project in the city of Panjin in Liaoning Province will be Aramco’s … Read more

Venezuelan Maduro replaces oil minister, police arrest anti-corruption officials

CARACAS, March 20 (Reuters) – Venezuela’s President Nicolas Maduro on Monday accepted the resignation of the country’s powerful oil minister following the detention of at least six senior officials amid a corruption probe targeting state-owned PDVSA and the judiciary power. Tareck El Aissami had said on Twitter earlier Monday that he would step down to … Read more

Iran proposes locations to Saudi Arabia for ministerial talks

DUBAI, March 19 (Reuters) – The Iranian government has suggested three locations to Saudi Arabia for a foreign minister-level meeting, the Iranian foreign minister said on Sunday, citing the latest messages with Riyadh since the countries have agreed to restore ties. Iranian Foreign Minister Hossein Amirabdollahian told a press conference in Tehran that his country … Read more