The companies will explore capital investments to upgrade and diversify production
Planned expansion would integrate advanced petrochemical facilities at Yasref, enhancing production capabilities and diversifying output
Development framework agreement paves way for major petrochemicals project
Complex expected to supply around five million tons per year of feedstock to Gulei Petrochemical Base
Cooperation framework agreement paves way for new downstream partnerships
Hengli Petrochemical owns and operates a 400,000 barrel per day refinery and integrated chemicals complex in Liaoning Province
This transaction would enable Aramco to secure additional outlets for its refined products
Shandong Yulong is currently in the process of completing the construction of a refining and petrochemicals complex that is designed to process around 400,000 barrels per day (bpd) of crude oil
Deal unlocks new market opportunities and advances Aramco’s global Downstream expansion.
Transaction represents continued growth of Aramco’s downstream presence in China
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