沙特阿美下游业务总裁穆罕默德·阿尔·卡塔尼 (Mohammed Y. Al Qahtani) 表示：“作为中国最大的炼油和化工中心之一，沙特阿美非常看重山东省当前的实力和未来的前景。我们相信，这种合作有潜力使各方为中国的能源安全和发展做出贡献，并帮助引导能源转型。凭借阿美公司作为中国可靠能源供应商的长期记录，以及山东省的专业知识和承诺，我们共同展望繁荣的未来。”
Aramco,Nanshan Group, Shandong Energy Group, and Shandong Yulong Petrochemical has signed a memorandum of understanding (MoU) to facilitate discussions relating to the possible acquisition by Aramco of a 10% strategic equity interest in Shandong Yulong Petrochemical Co (Shandong Yulong), subject to due diligence, negotiation of transaction documents and required regulatory clearance.
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 bpd of crude oil and produce a large volume of petrochemicals and derivatives. The facilities are located at Longkou, Yantai City, in China’s Shandong Province. As outlined in the MoU, Aramco would potentially supply Shandong Yulong with crude oil and other feedstock.
Mohammed Y. Al Qahtani, Aramco Downstream President, said: “As one of China’s largest refining and chemical centres, Aramco values Shandong for its current strength and future prospects. We believe this collaboration has potential to enable all parties to contribute to China’s energy security and development, and aid in navigating the energy transition. With Aramco’s long track record as a reliable supplier of energy to China, and the expertise and commitment of Shandong Province, we envision a prosperous future together.”
The MoU signing follows last month’s announcement that Aramco had signed a cooperation framework agreement with Jiangsu Eastern Shenghong (Eastern Shenghong) to also facilitate discussions relating to the possible acquisition by Aramco of a 10% strategic equity interest in Jiangsu Shenghong Petrochemical Industry Group, a wholly-owned subsidiary of Eastern Shenghong, subject to due diligence, negotiation of transaction documents and required regulatory clearance.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/12102023/aramco-assesses-possible-investment-in-shandong-yulong-petrochemical/