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Saudi Aramco Agrees to Build Massive Refinery in China
Aramco said it would work with China's North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group to build a massive integrated refinery and petrochemical complex in Panjin, Liaoning Province. The facility will be able to produce 300,000 barrels of oil per day and will have a 1.5 million metric ton-per-year ethylene cracker and a 1.3 million metric ton-per-year paraxylene unit.
jobs saved and created
Announcement of the deal follows two related developments. On February 4, Russian state-owned gas firm Rosneft signed a 10-year agreement with China National Petroleum Corp (CNPC) to ship 100 million metric tons, or 200,821 barrels per day of oil to refineries in northwestern China.
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"In accordance with the agreement of Rosneft and CNPC, there are prospects of interaction worked out concerning a set of areas of low carbon development, particularly in reduction of greenhouse gas emissions, including methane, technologies of energy efficiency, as well as CO2 capture and storage (CCS)," Rosneft said.
< wipes tears >
by Cat on Fri Mar 11th, 2022 at 04:24:30 AM EST
[ Parent ]
Finally Bretton Woods III and the introduction of the petro-yuan by Saudi Arabia and  China ...

Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales | WSJ |

Talks between Riyadh and Beijing have accelerated as the Saudi unhappiness grows with Washington

Will Joe Biden end up with Maduro oil and Khamenei gas?

Earlier moves at high rich stakes ...

Petro-yuan will rise to challenge Petro-dollar | CGTN - Nov 5, 2017 |

'Sapere aude'

by Oui (Oui) on Tue Mar 15th, 2022 at 06:11:17 PM EST
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