<p>China’s oil and gas major Sinopec said it has been invited to invest in Aramco as part of what could be the world’s biggest-ever initial public offering.</p>
<p>Talks are ongoing between the companies, Wang Yupu, the chairman of the Chinese refiner, said on Monday. During a visit to China this month, Aramco’s chief executive Amin Nasser told officials he hoped the Chinese company could invest in the listing, Mr Wang said.</p>
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<p>Saudi Arabia is preparing for the flotation by deepening relationships with its biggest buyers and locking in future demand for its oil. King Salman bin Abdulaziz led a Saudi delegation to Asia this month that saw the Middle East explorer pledge at least US$13 billion worth of investments in refining projects.</p>