 Home > Chemicals Industry > International Chemical > Sinopec Saudi Aramco Signs Memorandum to Strengthen Long-Term Cooperation

Sinopec Saudi Aramco Signs Memorandum to Strengthen Long-Term Cooperation

 Last Update: 2022-04-25
 Source: Internet
 Author: User

Tags

albuquerque gas company

violation company policy

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On March 8, Sinopec and Saudi Aramco signed a memorandum of understanding
.

Yu Baocai, deputy general manager of Sinopec Group and president of the joint stock company, and Mohammad Qahtani, senior vice president of Saudi Aramco's downstream business, signed the contract on behalf of the two parties through video

The scope of this cooperation includes Sinopec's existing refining and chemical projects and future expansion projects, and will give full play to its advantages to further strengthen long-term cooperative relations
.

At the same time, the two parties will jointly optimize the operation of the joint venture Fujian United Petrochemical Co.

At present, there are three joint ventures between Sinopec and Saudi Aramco, namely Fujian United Petrochemical Company in China, Sinopec Summi (Fujian) Petroleum Company, and Yanbu Aramco Sinopec Refinery Company in Saudi Arabia
.

Fujian United Petrochemical was formally established in March 2007.
It is a large-scale Sino-foreign joint petrochemical enterprise jointly established by Fujian Refinery, ExxonMobil and Saudi Aramco with 50%, 25% and 25% of the shares, with a total investment of 40 billion yuan.
Yuan
.

Sinopec Sammi (Fujian) Petroleum Co.

Yu Baocai said that Sinopec and Saudi Aramco have a long history of cooperation
.

The cooperation projects between the two parties include crude oil trading, refining and chemical engineering, engineering services and scientific and technological research and development.

Mohammad Qahtani, senior vice president of Saudi Aramco's downstream business, said that the signing of the memorandum is a new chapter in the long-term cooperative relationship between Saudi Aramco and Sinopec
.

This will further facilitate the integration and expansion of Saudi Aramco's downstream business in Asia to meet its growing energy needs by supplying low-carbon-intensity crude oil to China

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

High-quality UV Stabilizer 770

CAS No.: 52829-07-9

Pharmacy Grade

$2-2.5/KG FOB

Homosalate Cosmetic Grade CAS 118-56-9 UV Absorber Homosalate

CAS No.: 118-56-9

Cosmetics Grade

$9-10/KG FOB

Homosalate 99% high purity CAS 118-56-9 Homosalate liquid

CAS No.: 118-56-9

Pharmacy Grade

$8-10/KG FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.