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Wednesday, August 10, 2022

China, ExxonMobil discuss $10 billion investment in Guangdong: state TV

China, ExxonMobil discuss  billion investment in Guangdong: state TV© Reuters. Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba

BEIJING (Reuters) – Chinese officials and executives of ExxonMobil (NYSE:) Corp discussed a $10 billion investment by the U.S.-based firm in the southern province of Guangdong, Chinese state television reported on Friday.

The state TV report, during its summary of a meeting between Chinese Premier Li Keqiang and ExxonMobil Chief Executive Darren Woods, quoted Li as saying he welcomed Exxon’s large investment in China.

The report said China and Exxon discussed the $10 billion investment but did not attribute the information to any direct source.

Exxon said on Thursday it signed a preliminary deal to build a petrochemical complex and invest in a liquefied terminal in China. It said the investment would be worth billions of dollars but did not give a specific figure.

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Source: Investing.com

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