Independent journal on economy and transport policy
13:17 GMT+1
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Saudi Aramco is associated Sinopec in order to realize a great refinery in presses of the Saudi port of Yanbu
the investment piles to 8,5 billion dollars
January 16, 2012
Saturday slid in the within of the visit of the Chinese prime Minister Wen Jiabao in Saudi Arabia, where it has met the king and Prime Minister Abdullah bin Abdul-Aziz, is signed a joint venture agreement of between the Chinese oil group Lowers Petrochemical Corporation (Sinopec) and that Saudi Saudi Aramco Oil Co. for the realization of a great system of refining in it press of the port of Yanbu, in the Red Sea, that it is already in phase of construction and that will become operating in 2014. The new society will be participated with 62.5% from Aramco and 37.5% from Sinopec.
The new system, that it will occupy an area of 5,2 million square metres, will have an ability to 400.000 barrels to the day. The previewed investment piles to 8,5 billion dollars. The Saudi Aramco group arranges in the port of Yanbu of terminal for the traffic of crude oil, producing oil refined and gas of liquified oil.
Moreover Sinopec is in negotiations that same the Saudi Aramco and with the American Exxon Mobil Corporation, that they are partner of the Sinopec in the refinery in the Chinese province of Fujian, in order to realize a refinery of the ability to 240.000-300.000 barrels to the day and in order to widen the system of Fujian.
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Saturday slid in the within of the visit of the Chinese prime Minister Wen Jiabao in Saudi Arabia, where it has met the king and Prime Minister Abdullah bin Abdul-Aziz, is signed a joint venture agreement of between the Chinese oil group Lowers Petrochemical Corporation (Sinopec) and that Saudi Saudi Aramco Oil Co. for the realization of a great system of refining in it press of the port of Yanbu, in the Red Sea, that it is already in phase of construction and that will become operating in 2014. The new society will be participated with 62.5% from Aramco and 37.5% from Sinopec.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
