The world's largest crude oil producer Saudi Arabian National Oil Company signed a contract to join Zhejiang Petrochemical Co., Ltd. (hereinafter referred to as Zhejiang Petrochemical) 40 million tons / year refining and chemical integration project, at the second World Oil Merchants Conference held on October 18 , Abdulaziz M. Al-Judaimi, senior vice president of Saudi Aramco, revealed.
A person in charge of Zhejiang Petrochemical further confirmed to the reporter that Saudi Aramco took over the 9% stake in the Zhejiang government.
Zhejiang Petrochemical is controlled by Rongsheng Petrochemical, Juhua Group and Tongkun Group. Local state-owned Zhoushan Ocean Comprehensive Development Investment Co., Ltd. (hereinafter referred to as Zhoushan Investment) holds 9%. The above-mentioned person in charge explained that Zhejiang Petrochemical had planned to introduce domestic oil. The company or foreign-funded enterprise failed to succeed and was replaced by the government.
'Since 2006, Saudi Aramco has become one of the world's largest oil companies to China. 'Saudi Ami Global Senior Vice President Zhu Deming said at the meeting that following the formation of 14 million tons of petrochemical treatment capacity in the Fujian market, Saudi Aramco It will further invest in petroleum refining projects in Zhejiang Province and Liaoning Province.
'At present, there are nearly 40,000 people working on the site, setting a world record. 'Zhejiang Provincial People's Government Governor Yuan Jiajun said at the Oil Merchants Conference.
According to the data, Zhejiang Petrochemical's 40 million tons/year refining and chemical integration project has a total investment of 173 billion yuan. It is one of the core projects of Zhejiang to build a “One Belt, One Road” strategic bridgehead, promote economic transformation, and build a new height and new advantages of open economy development. It is the leading project of Zhejiang Free Trade Zone and the construction of Zhoushan Archipelago New District. It is also a landmark project for the development of mixed ownership economy in Zhejiang Province. It is of great significance to the transformation and upgrading of Zhejiang's petrochemical industry.