Saudi Aramco acquires shares of Rongsheng Petrochemical and promises long-term crude oil supply

Saudi Aramco spent 24.6 billion to buy 10% of Rongsheng Petrochemical and promised long-term crude oil supply. Recently, it plans to cooperate with Hengli Petrochemical to acquire 10% of its shares and provide crude oil. If the cooperation is successful, Hengli Petrochemical's head Chen Jianhua may receive tens of billions of cash income.