Sinopec Set to Join Aramco in Yanbu Refinery

摘要

China's Sinopec has inked a preliminary deal to join Saudi Aramco's Yanbu refinery, the Saudi state giant said Wednesday. The potential tie-up would give Aramco a strong partner to replace Cono-coPhillips, which pulled out unexpectedly last April, while providing Sinopec with another foothold in the world's biggest oil exporter (IOD Apr.29,p1).