Exxon Mobil Corp., Saudi Aramco and Asian refiner Sinopec signed a $3.5 billion deal on Friday to expand a refinery in south China, sealing what they called the country’s largest oil project.
The deal gives Exxon and Middle Eastern giant Aramco a foothold in China’s insular 6.2 million barrel-a-day (bpd) refining sector, now dominated by state giants Sinopec and PetroChina
