Saudi Aramco and Sinopec ink MOU to strengthen business development opportunities

03-Jul-08
Saudi Aramco and China Petrochemical Corporation (Sinopec) have signed a Memorandum of Understanding (MOU) in a mutual effort to deepen the existing cooperation between the two companies and strengthen their relations and business development opportunities. The MOU reaffirms the interest of the two companies to continue exploring further opportunities that will support their current joint ventures and the strategic cooperation that binds them together. Saudi Aramco and Sinopec also agreed to continue exploring for more potential economical opportunities on which to collaborate in hopes of achieving great benefits for both China and the Kingdom.
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