ABU DHABI — China and Saudi Arabia have signed an accord meant to
promote energy cooperation between their national oil firms.
Officials said the accord, signed during the recent visit by Chinese
President
Hu Jintao, would launch cooperation between Saudi Aramco and China Petroleum
and Chemical Corp.
The accord was signed in February 2009, Middle East Newsline reported.
The agreement could pave the way for joint ventures in crude oil
transportation and refinery services between Aramco and China Petroleum,
also known as Sinopec, the largest oil processor in Asia.
