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Mideast nations establish refineries in 皇冠体育app
By Tu Lei (chinadaily.com.cn)
Updated: 2006-11-28 09:23
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Mideastern oil-rich countries such as Saudi Arabia and Kuwait are busy setting up refineries in 皇冠体育app.
Saudi Aramo contacted with 皇冠体育app Petroleum and Chemical Corp (Sinopec), the country's largest refiner, ten years go. In 2004, they signed the first agreement to set up a petroleum and petrochemical project in East 皇冠体育app's Fujian Province.
In July 2005, the project started with an investment of 2.89 billion yuan (US$367.07 million) among Fujian Petrochemical Company Limited (50 percent), ExxonMobil (25 percent), and Saudi Aramco (25 percent).
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