Saudi Aramco-Shandong Energy sign MoU on possible integrated complex

Saudi Aramco and Shandong Energy signed a Memorandum of Understanding to collaborate on downstream projects, including the construction of a refining and petrochemicals integrated complex. 

The deal, which includes the potential for a crude oil supply agreement and chemicals products offtake agreement, helps support Saudi Aramco's goal of building downstream assets in Shandong, China. 

The JV will also explore cooperation across hydrogen, renewables and carbon capture technologies. 

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