RIYADH - Saudi Aramco President and CEO Amin H. Nasser said on Tuesday that China is an important strategic market for Aramco, and the company plans to further expand its investments in China.
Speaking at a media conference call for Aramco's half-year 2025 financial results, Nasser made the remarks in response to a question from Xinhua.
"We have excellent collaboration with our Chinese partners. China is an important strategic market for Saudi Aramco," he said.
Nasser noted that China hosts a number of integrated refining and petrochemical projects, and Aramco is actively participating in the investment and construction of these large-scale projects.
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He emphasized that Aramco already has major investments in China and plans to further increase its investment in multiple areas in the future. "We have in the pipeline a number of investment plans in China that could be promising," he said.
Nasser also pointed out that China holds a significant position in the global chemical market. "China will continue to be a main market for Saudi Aramco when it comes to supply of crude, investments and projects like liquids-to-chemicals," he said.
$48.7 billion net profit in H1
Also on Tuesday, Saudi Aramco announced a net profit of $48.7 billion for the first half of the year.
In a press release, the company said the net profit was supported by robust cash flows, consistent shareholder payouts, and exceptional supply reliability.
For the second quarter, Saudi Aramco registered a net profit of $22.7 billion, it said, adding that the company also recorded a base dividend of $21.1 billion, and a performance-linked dividend of $219 million, both scheduled for payment in the third quarter.
"Aramco's resilience was proven once again in the first half of 2025," the press release quoted Nasser as saying.
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"Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half," he added.
