Saudi Aramco said on Friday it had completed its purchase of a 10-percent stake in a Chinese petrochemicals firm, part of an expansion into the world's top crude importer. The Saudi energy giant unveiled plans in March to acquire the stake in Rongsheng Petrochemical, valued at $3.4 billion. The deal calls for the supply of 480,000 barrels per day of Saudi crude to an integrated refining and chemicals complex owned by a Rongsheng affiliate. "Our strategic partnership with Rongsheng advances Aramco's liquids to chemicals strategy while growing our presence in China and showcases our importance as a reliable supplier of crude oil," Aramco vice president Mohammed Al Qaht
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