Huajin Aramco's 300,000 b/d Panjin refinery takes its first Arabian crude cargo
صفقة مُبرمة – China
Huajin Aramco Petrochemical, the Saudi-Chinese joint venture in Liaoning, has received its first shipment of Arabian crude. Once running, the complex will be a new regular buyer of Saudi barrels. Reuters earlier reported that Zhenhua Oil booked 2 million barrels of Saudi crude to supply it.
| Lead type | Deal / award |
|---|---|
| Status | Deal signed – freight, inspection & finance needed |
| Product | Crude oil (Arabian grades) |
| Product group | Crude oil & refined fuels · HS 2709, 2710 |
| Buyer | Huajin Aramco Petrochemical Co |
| Country | China · Asia & Pacific |
| Origin | Saudi Arabia |
| Destination | Panjin, Liaoning, China |
| Published | 14 Oct 2026 |
| Source | Hydrocarbon Processing (Reuters) |
What to do
This deal is done – use it as a buying signal. The buyer imports this product, often on a regular cycle, so competing suppliers can prepare for its next tender. The shipment itself will need vessels and freight, inspection and testing, cargo insurance, trade finance, port handling and customs services.
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