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Saudi Aramco, China North Industries Corporation (Norinco), and Panjin Xincheng Industrial Group, Co. Ltd. signed a joint development agreement and held a groundbreaking ceremony for the Saudi Aramco-Norinco Refining, Petrochemical and Retail Project in Panjin, in northeast China’s Liaoning province.
Seizing opportunities through collaboration will create synergies to further strengthen the long-standing relationship between Saudi Arabia and China, Saudi Aramco president and CEO Amin Nasser told the China Development Forum (CDF) 2017 in Beijing.
Dhahran, Saudi Arabia
Saudi Aramco, China’s Development Research Center agree to collaboration, research in energy industry
The long-standing business relationship between Saudi Aramco and China was further consolidated during the recent visit to Saudi Aramco of HE Li Wei, president of China’s Development Research Center (DRC) of the State Council, and his meeting with Amin Nasser, president and CEO of Saudi Aramco.
Chinese joint venture Fujian Refining & Petrochemical Company established 10 years ago, marked by Saudi Aramco, ExxonMobil, Sinopec, and Fujian provincial government.
Saudi Aramco President and Chief Executive Officer Amin H. Nasser said at the 18th International Oil Summit as the global oil market rebalances, the industry needs to avoid letting short term factors overshadow the need for long term investments.
Aramco Asia launched “Aramco Youth Program — A Journey of Art” for 40 local students of ethnic minorities from less fortunate families in China’s Guangxi Zhuang Autonomous Region.
Nabil A. Al Nuaim, Aramco Asia president and CEO, delivered a keynote speech at the recently held China-Arab Energy Cooperation Conference, elaborated on the strategic energy relationship between Saudi Arabia and China, and how this enduring friendship has served the alignment between Saudi Arabia’s Vision 2030 and China’s Belt and Road Initiative.
A royal delegation led by HRH Deputy Crown Prince Muhammad Bin Salman convened a series of strategically important bilateral meetings in China and Japan between Aug. 28 and Sept. 9, the results of which promise to produce long-term positive impacts for the Kingdom.