Saudi, China to sign agreement on oil refinery project| MENAFN.COM

Tuesday, 25 January 2022 04:58 GMT

Saudi, China to sign agreement on oil refinery project


(MENAFN) Saudi Arabia and China plan a major Red Sea oil refinery joint venture in the third quarter of the current year, according to Arab News



The joint venture is between Saudi Aramco and Sinopec, and aims to process heavy crude from Saudi Arabia"s Manifa oil field



Petroleum and Mineral Resources Minister Ali Al-Naimi said: "Work at this new refinery is proceeding according to a specific schedule and will operate at a production capacity of 400,000 bpd during the third quarter of this year.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.