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China’s Sinopec, Saudi Aramco sign cooperation agreement

by ChemOrbis Editorial Team -
  • 21/01/2016 (14:03)
According to media reports, China’s state-owned Sinopec and Saudi Aramco signed a framework agreement for strategic cooperation on January 19. The agreement was one of 14 agreements signed between China and Saudi Arabia on Tuesday following Chinese President Xi Jinping’s arrival in Riyadh. No further details were given regarding the content of the agreements.

Saudi Aramco is reportedly aiming to strengthen its operations in Asia and has been in talks to acquire a stake in one of China National Petroleum Corporation’s refineries.
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