Saudi Aramco in talks to buy 10% stake in China's Hengli Petrochemical

Saudi Aramco in talks to buy 10% stake in China's Hengli Petrochemical

The Saudi Aramco logo is pictured at the company's oil facility in Saudi Arabia, REUTERS/Maxim Shemetov

Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China’s Hengli Petrochemical, a deal which would further bolster Aramco’s growing downstream presence in China.