Middle East Economic Survey
VOL. XLVIII
No 10
7-March-2005
SAUDI ARABIA
Saudi Aramco Seeks Stake In New Chinese Refinery
Negotiations are taking place between Saudi Aramco and China Petroleum and Chemical Corp (Sinopec), Chinas state-owned energy company, on the formers participation in a proposed $1.2bn refinery near the city of Qingdao in Shandong province. Industry sources say Saudi Aramco is prepared to guarantee crude supplies to the 200,000 b/d refinery in return for a 20-40% stake. Current...
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