Party Secretary of Liaoning Province visits Aramco head office

Amin H. Nasser, Aramco President & CEO, received a high-level delegation from Liaoning Province led by Hao Peng, Secretary of the CPC Liaoning Provincial Committee and Chairman of the Standing Committee of People's Congress of Liaoning province, at Aramco head office on October 15.

In retrospect of the exchanges between Aramco and Liaoning province, Mr. Nasser said, “Aramco strongly believes in the potential of China to grow in the mid-to-long term. Therefore, we are increasing its investment in China and at the same time providing significant opportunities for Chinese companies in the Kingdom. Aramco is moving to capitalize on growth opportunities, not only in refining but more importantly in the chemicals sector, which is in line with Aramco’s target to convert 4 million barrels per day of liquid to chemicals by 2030.”

Mr. Hao said, “ President Xi’s state visit to the Kingdom of Saudi Arabia in late 2022, and the alignment between Belt and Road Initiative and Saudi Vision 2030, paved the way for the collaboration between Chinese local governments and Saudi business community. HAPCO project is very critical for Liaoning’s revitalization strategy and plans to develop a trillion RMB petrochemical hub. Liaoning is fully committed to completing construction and start operations as planned.”

Both sides agreed to build upon existing partnership and explore opportunities for further collaboration, including but not limited to R&D, training and education programs and manufacturing.

The delegation was deeply impressed by Aramco’s capacity and technical and innovative strength during the visit to OSPAS, EXPEC and Ithra Cultural Center on the sideline.

In March this year, the groundbreaking ceremony took place for a major integrated refining and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China's Liaoning Province. Expected to be fully operational by 2026, the complex will take up to 210,000 barrels per day (bpd) of crude oil feedstock from Aramco.