RIYADH - Amin Nasser, president and CEO of Saudi Arabia's oil giant Saudi Aramco, has said that the Chinese market is critically important to the company.

The company is continuously deepening cooperation with China, particularly through increased investments in the petrochemical and new energy sectors, Nasser said during a recent telephone press conference on the company's 2024 earnings.

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Calling China a key market for Saudi Aramco's crude oil exports, Nasser said China is also a crucial partner in the company's petrochemical strategy.

"We see China's refining and petrochemical industry, especially in petrochemicals, as having reached world-leading standards, providing significant cooperation opportunities for Saudi Aramco," he said.

Regarding investment plans, Nasser confirmed that Saudi Aramco is actively progressing with several major investments in China, all of which are advancing smoothly. Additionally, the company is enhancing strategic cooperation with Chinese enterprises such as Sinopec, exploring more joint investment opportunities.

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"The Chinese market and Chinese partners will continue to play a central role in Saudi Aramco's global strategy. We look forward to collaborating with more Chinese partners to achieve mutual growth," he said.