Saudi Aramco In Talks To Buy Stake In PetroChina Refinery: WSJ

By Sara Sjolin Markets MarketWatch Pulse

Saudi Arabia's state-owned oil company Saudi Aramco is in talks to buy a stake in a PetroChina Co. refinery, The Wall Street Journal reported on Friday, citing sources familiar with the matter. Saudi Aramco might take a more than 30% stake in PetroChina's 260,000-barrels a day Anning plant in China's Yunnan province, according to the report. The deal could be valued at $2 billion.

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