🇸🇦🇨🇳 While Houthi missiles keep hitting Saudi oil sites at home, Aramco just shipped its first cargo of crude to its shiny new mega refinery in China.
The billion-dollar plant is gearing up to start operations early next year, processing 300,000 barrels a day with a petrochemical plant attached for good measure.
Not bad timing either, with the U.S.-Iran war dragging into its 8th month and China tapping its stockpiles to keep the lights on.
When your own backyard is under fire, it helps to have a refinery on the other side of Asia.
Source: Bloomberg / Writer: Julie
💬 26🔁 39
♥ 282👁 62K
Top reply · ♥ 1
SpringMall X LTD @springmallx ·
↗
@MarioNawfal Saudi knows its own oil fields can be bombed by Houthis/Iran. So what does it do? Builds its refinery in China, where US cannot bomb. Saudi is hedging against America losing the Middle East.































































