Sinopec

Sinopec becomes Saudi Aramco’s largest onshore drilling contractor

RIYADH — China Petroleum & Chemical Corporation (Sinopec), China’s leading energy and chemical company and now Saudi Aramco’s largest onshore drilling contractor, congratulated the Kingdom of Saudi Arabia on its 90th National Day and expresses support for the Saudi Vision 2030.

With firm commitment to responsibility, integrity, excellence, innovation and benefit for all parties, Sinopec’s business operations in Saudi Arabia mainly cover the exploration and development of oil and gas fields, oil field services, refining and chemical engineering services, international trade of crude oil, refined oil, petroleum and chemical equipment, as well as investments in refining and chemical projects and sales of chemical products, lubricants and catalysts.

The petrochemical trade makes up 50 percent of total bilateral trade volume between China and Saudi Arabia, contributing to the economic development of both countries as well as serving their respective societies. Sinopec established its Middle East Center for Research and Development in Saudi Arabia in 2016 to enhance cooperation and the exchange of resources, services and learning.

Sinopec has achieved positive cooperation with petroleum and chemical companies in Saudi Arabia. Including the establishment of the Sinopec SenMei (Fujian) Petroleum Company Limited with its Saudi counterparts, the largest refined oil supplier in China’s Fujian Province, as well as establishing Fujian Refining and Petrochemical Company Limited (FREP).

Sinopec, the first Chinese company to enter the Saudi Arabian oil field service market, regards localization as the key to its strategies and actively to fulfill social responsibilities.

The company seeks to provide the largest possible number of job opportunities for young people in Saudi Arabia. The Yanbu Aramco Sinopec Refining Company (YASREF) is one of the largest Chinese investment projects in Saudi Arabia with total investment amounts to $8.6 billion, and a joint venture that promoted bilateral cooperation between China and Saudi Arabia to a higher
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