China’s Sinopec, Saudi Aramco to establish $4B energy venture: What to know

China’s Sinopec, Saudi Aramco to establish $4B energy venture: What to know

The joint venture will engage in port operations, crude oil transportation and other activities at the refinery and petrochemical complex in the Gulei Port Economic Development Zone in Zhangzhou, in China's Fujian province.

Sinopec and Saudi Aramco setting up $3.95bn joint venture

Sinopec and Saudi Aramco agrees to establish joint venture focused on port operation and crude oil transportation.

China's Sinopec partners with Saudi Aramco's unit in $4bln JV

The agreement was signed by Sinopec, its unit Fujian Petroleum Chemical Industry Co, and Saudi Aramco's Singaporean unit Aramco Asia Singapore Pte.(AAS)

West ready to host Fujian investors

WESTERN Province is ready to host any investor from China’s Fujian Province in the productive sector.Thats according to the Western Province Deputy Premier Hon. Brian Lotikena following the arrival of a high level delegation from the Fujian province in the country on Sunday.Speaking to the Solomon Star Lotikena said, they welcome investors from Fujian Province to invest in the areas of fisheries, agriculture, tourism, and forestry.Western Provin…