According to sources, China's Zhenhua has booked the first Saudi crude oil cargo for a new joint venture refinery. This move indicates deepening energy cooperation between China and Saudi Arabia. The refinery is part of a joint venture, and the booking is a milestone for the project. It matters as it could affect global crude supply flows.
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First Saudi crude cargo booked by Zhenhua for new refinery.
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China's Zhenhua…
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