Saudi Aramco Suspends $10 Billion China Oil Refinery Venture
- Saudi Aramco halts JV project as company cuts spending
- China’s Norinco will keep working on the Huajin project
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Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices.