Aramco China and the People’s Government of Fujian Province sign MoU to bolster strategic cooperation

• MoU builds on Aramco and Fujian’s strong relationship
• Focus on strategic collaboration in liquids-to-chemicals projects, crude storage, supply chain management, and talent development
  
  

Aramco China and the People’s Government of Fujian Province have signed a Memorandum of Understanding (MoU) that focuses on closer strategic collaboration.

The signing ceremony took place at Aramco’s headquarters in Dhahran, Kingdom of Saudi Arabia, in the presence of Aramco President & CEO Amin H. Nasser, Aramco Downstream President Mohammed Y. Al Qahtani, Aramco Executive Vice President of Products & Customers Yasser M. Mufti, Communist Party of China (CPC) Fujian Provincial Committee Secretary Zhou Zuyi, CPC Fujian Provincial Committee Secretary-General Wu Xielin, and CPC Zhangzhou Committee Secretary Wang Jinzu.

Aramco Asia President & CEO Saleh Y. Al Zaid and Fujian Provincial Development and Reform Commission Director-General Meng Qian signed the MoU, which is effective for two years and builds on the longstanding relationship between Aramco and Fujian. The MoU aims to strengthen cooperation in liquids-to-chemicals projects, crude oil storage, supply chain management, and talent development.

Saleh Al Zaid, Aramco Asia President & CEO, said: “This MoU builds on the strong relationship between Aramco and China, where we seek to further contribute to the country’s energy security and development through strategic crude storage and downstream activities. We continue to explore new opportunities and are proud to have already established such strong links with Fujian. This MoU has potential to support our further expansion, as well as the delivery of quality services in a high-growth market.”

Fujian is the home to Aramco’s first two joint ventures (JVs) in China, the Fujian Refining and Petrochemical Company Ltd. and Sinopec SenMei (Fujian) Petroleum Company Limited, which both began operating in 2007. The two JVs have played active roles in responding to the province’s growing need for fuels and chemical products, contributing to strong economic growth.