Aramco and signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (SINOPEC) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and in the Kingdom. The wide-ranging areas of potential cooperation include; assessing refining and petrochemical integration opportunities; engineering, procurement and construction; oilfield services, upstream and downstream technologies as well as collaboration across carbon capture and hydrogen processes.
The companies will also discuss the opportunities for the establishment of a local manufacturing hub in King Salman Energy Park.
Save the date for Shallow and Deepwater Mexico October 11-13, 2022 in Ciudad del Carmen, Campeche.
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