Engineering News

Saudi Aramco: Fujian Complex 75% Complete
Wednesday June 4 Khalid G. Al-Buainain, senior vice president of Refining, Marketing and International for Saudi Aramco, met with partners in the Fujian Refining and Petrochemical Project during a recent visit to China.

He met with Sinopec president Wang Tian Pu and discussed issues pertaining to the Fujian joint venture and future cooperation between Saudi Aramco and Sinopec in new investments and crude supply. He also visited Saudi Petroleum Ltd. in Beijing and met with the staff there.

Al-Buainain traveled to Fujian Province, where he toured the site of the joint venture project between Saudi Aramco, ExxonMobil and Sinopec.

The project, which includes a 240,000-barrel-per-day refinery and will produce 2.2 million metric tons of petrochemicals a year, is now 75 percent complete and will start in stages during this year. By the first quarter of 2009, the last phase of the project, the ethylene plant, is expected to be online.

"China is growing, and Saudi Aramco is committed to be a constituent to the Chinese energy demand," Al-Buainain said. "The Fujian Joint Venture is part of our commitment to the high growth market in China."

The Saudi Aramco executive also took the opportunity to visit offices of subsidiaries and partners. In Xiamen, he met with the staff at the Saudi Aramco Sino Co. office and visited one of the newly rebranded service stations sporting the logos of the three partners in Fujian Sinopec SenMei Petroleum Co. Ltd. (SSPC). He also hosted a dinner there with the team members of Fujian Joint Venture and Saudi Aramco students studying at the Xiamen University.

Later, he traveled to Hong Kong, where he met with the staff at the Aramco Overseas Co. offices and was presented with the latest update on the Asian joint-venture portfolio, the regional refining and petrochemical industry, and the expanded role of the Asia Joint Venture Department.

"When you look at our presence in Asia, particularly China, from our industry partnerships to the many young Saudis we have studying at universities here, it is clear that Saudi Aramco is becoming an important source both for energy and collaboration in this rapidly growing market," Al-Buainain said.

During the visit, Khalid G. Al-Buainain was received by the Fujian Refining & Ethylene Project Construction Manager and was briefed of the current Project Progress and Construction Activities.

Source: Saudi Aramco

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