Sinopec to Construct New Refinery in East China

摘要

@@ China Petrochemical Corp (Sinopec), Asia's largest refiner, is beckoning Saudi Arabian Oil Company, or Saudi Aramco, to take a stake in its proposed US$13 billion refinery in Qingdao, East China's Shandong Province, in an attempt to bring in crude imports from Saudi Arabia to feed the refinery. A feasibility study on the refinery has been submitted for approval to the State Development and Reform Commission.