03
2023
-
02
Sinopec and Saudi Aramco sign a joint venture agreement to build an oil refinery
On January 14th, at the headquarters of Saudi Arabian National Petroleum Company (Saudi Aramco) located in Dhahran, eastern Saudi Arabia, the President and CEO of Aramco, Khalid (right), and Chairman of China Petroleum and Chemical Corporation (Sinopec), Fu Chengyu, exchanged texts after signing the agreement.
On the same day, China National Petroleum Corporation (Sinopec) and Saudi Aramco signed a joint venture agreement to build an oil refinery in Saudi Arabia. According to the agreement, the two companies are collaborating to build a 5.2 million square meter refinery in the coastal city of Yanbu in western Saudi Arabia, processing 400000 barrels of heavy oil per day. It is expected to be put into operation in the second half of 2014, with a total investment of nearly 10 billion US dollars. Saudi Aramco will hold 62.5% of the shares, while Sinopec will hold the remaining shares. This will be the first overseas refinery built by Sinopec
Related News
Committed to chemical energy infrastructure solutions!
WeChat official account
Sales Hotline：0513-82683598
Address: Yanjiang Industrial Park, Haimen District, Nantong City
E-mail：sales@csiejs.com
Shanghai Office Hotline：021-56413576
Copyright: © China Securities Industrial Equipment Jiangsu Co., Ltd 【Global Mail Login Portal】
