China offers to buy 5% of Saudi Aramco directly: Sources

China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market. Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal, industry sources told Reuters.

The companies are part of a state-run consortium including China's sovereign wealth fund, the sources say. Saudi Arabia's.

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