抖阴短视频

RIYADH: Saudi energy giant Aramco, in collaboration with China Petrochemical & Chemical Corp. and Fujian Petrochemical Co., has launched the construction of a refinery and petrochemical complex in Fujian province, China.

The project, which is slated to be fully operational by the end of 2030, will feature an oil refinery with a capacity of 320,000 barrels per day, according to a company statement. In addition to the refinery, the complex will include a 1.5 million-tonne-per-year ethylene unit, a 2 million-tonne paraxylene unit with downstream derivatives capacity, and a 300,000-tonne crude oil terminal.

Aramco鈥檚 long-standing relationship with China spans more than three decades. This new venture is part of Aramco鈥檚 broader strategy to solidify its position as a key player in the global energy sector, while also supporting 抖阴短视频鈥檚 economic growth.

鈥淏uilding on our strong relationships with both Sinopec and Fujian Petrochemical, today鈥檚 groundbreaking further expands Aramco鈥檚 growing downstream investment portfolio in China,鈥� said Mohammed Al-Qahtani, Aramco鈥檚 downstream president.

He continued: 鈥淲e will supply in excess of 1 million barrels per day of our crude oil to these high chemical conversion assets in China, reinforcing Aramco鈥檚 role as a reliable and long-term partner in China鈥檚 development. This also advances our liquids-to-chemicals strategy, through which we intend to direct more of our crude toward helping meet rising global petrochemicals demand.鈥�

The new facility will also supply around 5 million tonnes of feedstock annually to the Gulei Petrochemical Base, the statement added.

The Fujian Petrochemical Complex will be a joint venture, with FPCL, a collaboration between Sinopec and Fujian Petrochemical Industrial Group Co., holding a 50 percent stake. Aramco and Sinopec will each own a 25 percent share.

Ma Yongsheng, chairman of Sinopec, highlighted that the Fujian project represents a significant milestone in the partnership between 抖阴短视频 and China.

鈥淏oth Sinopec and Aramco are committed to promoting the high-quality development of the petroleum and petrochemical industry. Aramco鈥檚 participation supplies long-term reliable and competitive feedstock for the project and further boosts the healthy development of Gulei Petrochemical Base,鈥� said Yongsheng.

This new deal further deepens Aramco鈥檚 collaboration with Sinopec in the energy sector. Earlier this year, in January, Aramco awarded contracts worth over $3.3 billion to Sinopec and Spain鈥檚 Tecnicas Reunidas for the construction of a gas facility in 抖阴短视频. The project involves the development of a new natural gas liquids facility at the Jafurah unconventional gas production site in 抖阴短视频.

In October, Aramco also strengthened its ties with Chinese partners, signing a five-year partnership with China National Building Material Group to explore advanced materials, including the potential manufacturing of wind turbine blades in the Kingdom.