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Saudi Arabian Oil Company (Aramco) and its joint venture (JV) partners have made the final investment decision (FID) to develop a refinery and petrochemical complex, in China. Called Huajin Aramco Petrochemical Company (HAPCO), the JV includes North Huajin Chemical Industries Group, and Panjin Xincheng Industrial Group. HAPCO will be responsible for building the integrated liquids-to-chemicals complex. To be built in Panjin City, of the Liaoning province, the refinery and petrochemical project will receive crude oil feedstock of up to 210,000 barrels per day from Aramco. Aramco will own a 35% stake in the JV, whereas Panjin Xincheng Industrial Group will own a 29% interest. North Huajin Chemical Industries Group, which is a subsidiary of Norinco Group, will own the remaining 36% stake in the JV.