Saturday 17 November 2018
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todayonline - 8 days ago

China s Sinochem raises 2019 term oil supply from Saudi Aramco, Kuwait

SHANGHAI - China s Sinochem Group has agreed to annual crude oil supply deals for 2019 with Saudi Aramco and Kuwait Petroleum Corp lt;IPO-KUWP.KW gt;, with volumes from both suppliers more than 20 percent higher than in 2018, a senior Sinochem executive said on Friday. The Saudi volumes will be processed at Sinochem s wholly-owned Quanzhou refinery in southeast China s Fujian province, as well as at the Hongrun refinery in Shandong province and the West Pacific Petrochemical Corp (WEPEC) plant in Dalian, the executive said, declining to be named because he is not authorised to speak to the media. Sinochem owns stakes in both Hongrun and WEPEC. REUTERS

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