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 volume 13, issue #16 - Thursday, September 04, 2008

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Saudi Aramco to sell 41 % more crude oil to Sinopec this year

28-07-08 Saudi Aramco is expected to sell 41 % more crude oil to China Petroleum & Chemical Corp (Sinopec) this year.
Mohammed Al-Madi, regional vice-president and chief representative of Saudi Aramco in Beijing, was quoted as saying that Saudi Aramco is looking to deliver 32.4 mm tons of crude, equivalent to 650,000 bpd, to Sinopec, compared with nearly 23 mm tons in 2007.

The Saudi company expects to increase exports to 1 mm bpd by 2010 and 1.5 mm bpd by 2015, he said.
Saudi Aramco is an equity partner in Sinopec's $ 5 bn Fudian refinery and chemical project, due to enter operations in early 2009.

Source: http://www.quamnet.com



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