China petroleum and chemical group co., LTD. (hereinafter referred to as "sinopec"), chairman of 16 yu-pu wang in Beijing with sabic chairman Mr Wu DE signed a strategic cooperation agreement, to discuss in China and the kingdom of Saudi Arabia (hereinafter referred to as the "Saudi Arabia") the opportunity of cooperation between both sides, respectively, to carry out the project, aimed at promoting China's "area" initiative "vision 2030" Saudi Arabia.
Cooperation agreement covers a number of strategic projects. Main content includes: the two sides will seek both in China and Saudi Arabia, respectively, to carry out the project cooperation opportunities, research in the way of joint venture development of petrochemical projects, project will focus on the downstream products of automobile, electronics, lighting, building and construction, packaging and medical equipment and other important markets. In addition, the two sides will also research to further expand sand in the joint venture investment (tianjin) petrochemical co., LTD, to expand the integration of cooperation and open the way to realize long-term development.
, yu-pu wang said that Saudi Arabia is "in" all the way along the line, one of the most important countries in the sand between the two countries in the region along the "strategic fit with height. Sinopec is willing to play their accumulated in oil refining chemical industry for more than 30 years of rich experience and technology advantages, with sand in the oil and gas exploration and development, refining technology, engineering services and equipment manufacturing and other fields to carry out a wider and deeper in the field of cooperation, to boost economic and social development of the two countries, contributions to the well-being of the people.
Mr Wu said, this is a collaboration between the two sides continue to deepen the existing good opportunity. Saudi "vision 2030" and the "area" initiative launched into a whole new situation, help to sabic and sinopec to conduct more extensive cooperation. The two sides will strengthen cooperation in the future, to promote the realization of the grand vision of the two countries.
According to the relevant person in charge of China petrochemical, the two sides are currently relevant plan.