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Sinopec steps up on Aramco's Yanbu refinery
17 January 2012
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[saudi aramco]
[sinopec]
[exxonmobil]
[concophillips]
Saudi Aramco has signed a formal joint venture agreement with Sinopec for the development of the $10 billion Yanbu refinery in Saudi Arabia. The Chinese state-controlled oil company replaces ConocoPhillips, which dropped out of the project in April 2010. Sinopec, with a 37.5% stake in the new venture, and Aramco,...
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