Aramco 'committed to China refinery project'
Beijing, March 26, 2013
Saudi Aramco, the world's biggest oil producer, remains "committed" to plans to build a 200,000 barrels-per-day (bpd) refinery in the southwestern Chinese province of Yunnan, the company's chief executive Khalid Al-Falih said on Tuesday.
Aramco's subsidiary, Aramco Overseas, signed a pact in March 2011 with top Chinese oil firm PetroChina on building the refinery, saying it planned to supply up to 200,000 bpd to the project via a long-term contract.
"We are committed to the Yunnan project and we will pursue it," Al-Falih told Reuters on the sidelines of a conference in Beijing.
Asked if that meant supplying crude oil or investing in the construction of the refinery itself, Al-Falih said "both". - Reuters
More Energy, Oil & Gas Stories
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn