By Maha El Dahan and Yousef Saba
DUBAI (Reuters) -Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing.
State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some of them with crude offtake agreements attached.
“So far we are in the early part of 2024, demand is healthy and growing in China,” Nasser said on a media call following the release of results that showed net profit falling 24.7% to $121.3 billion on lower oil prices.
Nasser said the country’s refineries were some of the most fully integrated and had the highest conversion rates and Aramco was currently looking at further opportunities for investment.
Nasser expected the global oil market to remain healthy throughout 2024.
“We expect it to be fairly robust, we are looking at growth of about 1.5 million…
