in reuters.com:
Saudi Basic Industries Corp (SABIC) (2010.SE), opens new tab will go ahead with building a petrochemical complex in southeastern Chinas Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the worlds top oil importer.
The project, expected to cost around $6.4 billion, will be developed in a joint venture with state-owned Fujian Fuhua Gulei Petrochemical.
First proposed in 2018, the joint venture marks the latest in a series of tie-ups between Saudi firms and Chinese refiners.
