LOOKING EAST

Aramco hunts for new China investments as oil profit slips

Saudi interest reflects China's position as the world’s largest consumer and producer of petrochemicals, accounting for half of global demand

Zhang Xiangyi/China News Service via Getty Images

Amin Nasser, CEO of Saudi Aramco, speaks at the China Development Forum in Beijing

Amid shrinking profits, Saudi Aramco CEO Amin Nasser said the world’s biggest oil company is shopping for new investments in China.Nasser spoke in Beijing on Monday at the China Development Forum, where he said Aramco is “currently” supporting projects...