October 21, 2024

Aramco CEO Says He’s Bullish on China After Stimulus Roll-Out

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Saudi Aramco is bullish on China’s oil consumption after the government introduced a raft of stimulus measures aimed at reviving Asia’s biggest economy, Chief Executive Officer Amin H. Nasser said.

Demand for jet fuel is a bright spot for the nation, said Nasser, who was speaking at the Singapore International Energy Week conference on Monday. He also reiterated Aramco’s aim to increase its liquids-to-chemical capacity to 4 million barrels a day, with a focus on China.

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