SINGAPORE, Nov 7 (Reuters) – Privately-owned Chinese refiner Zhejiang Petroleum & Chemical Co (ZPC) has signed a purchase agreement with Saudi Arabia’s state-owned oil producer Saudi Aramco (2222.SE) for 1.08 million tons (7.88 million barrels) of crude oil, the government-backed Chinese newspaper Zhoushan Daily reported on Monday.

The 5.3 billion yuan ($735 million) deal was sealed at the 5th China International Import Expo in Shanghai over the weekend.

The report did not disclose the timeline of the…

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