Our history
Our story is one of creativity and perseverance in equal measure. We’ve overcome challenges, advanced knowledge in our industry and far beyond, and helped usher in an age of abundant energy and transformative technology.
Our history is one we’re proud of, and which inspires us as we evolve and transition into a new era of energy.
Discover more about our key milestones and achievements through the years, below.
Milestones in China
1991 started crude marketing in China
1992 sponsored the first group of Saudi students to study in China
1998 opened its representative office in Beijing
2006 became China’s top crude supplier
2007 forged the first integrated refining, petrochemicals manufacturing and marketing project in Fujian province together with Sinopec, ExxonMobil and Fujian provincial government
2012 opened the regional headquarters in Beijing for the Asia Pacific region, branch companies in Shanghai and Xiamen
2013 started marketing of chemicals in China
2015 opened Beijing Research Center, the first global research center in Asia Pacific
2016 inaugurated the Yanbu Aramco Sinopec Refining Company (YASREF) Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec) in Saudi Arabia
2021 30th anniversary of the first shipment of Saudi crude to Chinese customers
2022 opened the Nonmetallic Excellence and Innovation Center (NEXCEL) with China Building Materials Academy (CBMA)
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2023 started the construction of a major integrated refinery and petrochemical complex in Panjin, northeast China’s Liaoning province with NORINCO Group and Panjin Xincheng Industrial Group
2023 HAPCO broke ground on a major integrated refinery and petrochemical complex in Panjin, northeast China’s Liaoning province
2023 completed the transaction to acquire a 10% interest in Rongsheng for RMB 24.6 billion ($3.4 billion)
Saudi Aramco Milestones
Oil concession agreement signed