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Bloomberg Daybreak: Asia Edition
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Saudi Aramco Buys 10% of Rongshang Petrochemical
Saudi Aramco buys 10% of Rongshang petrochemical, one of China's refining giants. The $3.6 billion deal is Aramco's biggest ever overseas acquisition. It includes a provision for the Saudi exporter to sell 480,000 barrels a day of crude oil to Rongshan for more than 20 years.
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