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Aramco to potentially acquire 10% stake in Shandong Yulong Petrochemical

Aramco to potentially acquire 10% stake in Shandong Yulong Petrochemical
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Saudi Arabia , Saudi Arabian , Shandong Yulong , Nanshan Group Co Ltd , Shandong Energy Group Co Ltd , Shandong Yulong Petrochemical Co Ltd ,

Saudi Aramco Assesses Possible Investment in Shandong Yulong Petrochemical

Aramco, one of the world’s leading integrated energy and chemical companies, Nanshan Group Co., Ltd., Shandong Energy Group Co., Ltd., and Shandong Yulong Petrochemical Co., Ltd. signed on Wednesday a Memorandum of Understanding (MoU) to facilitate discussions relating to the possible acquisition by Aramco of a 10% strategic equity interest in Shandong Yulong Petrochemical Co., Ltd. (Shandong Yulong), subject to due diligence, negotiation of transaction documents and required regulatory clearance. ....

Mohammed Al Qahtani , Shandong Yulong , Jiangsu Shenghong Petrochemical Industry Group Co Ltd , Shandong Energy Group Co Ltd , Jiangsu Eastern Shenghong Co Ltd , Shandong Yulong Petrochemical Co Ltd , Nanshan Group Co Ltd , Yantai City , Downstream President Mohammed Al Qahtani , Shandong Province , Eastern Shenghong ,