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The Saudi Arabian Oil Company has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Both companies have signed a MoU to strengthen its upstream and downstream businesses as well as operations centred on alternative fuels. | PetrolPlaza
DHAHRAN, 3rd August, 2022 (WAM) Saudi Arabian Oil Company (Aramco) today 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, according to a press release issued by Aramco.
Mohammed Y. Al Qahtani, Aramco Senior Vice President of.