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Aramco and Sinopec sign Venture Framework Agreement to plan a petrochemical expansion

Aramco and Sinopec sign Venture Framework Agreement to plan a petrochemical expansion

Apr 10, 2025

Standing from left are Aramco Downstream president Mohammed Y. Al Qahtani and Aramco Executive vice President of Products & Customers, Yasser Mufti, Yasref chairman, and Sinopec Overseas Investment Holding Limited President Zou Wenzhi. Sinopec Overseas Investment Holding Limited president Zou Wenzhi is seated, to the left of Aramco Vice-President for Liquid-to-Chemical Program Development Fahad Alahali. -Agreement lays the groundwork for major growth of petrochemicals investments - Engineering studies are underway for a new, fully integrated petrochemical compound at Yasref refining company in Yanbu – Planned expansion will integrate advanced petrochemicals facilities at Yasref to enhance production capabilities and diversify output – Announcement coincides Yasref’s 10th Anniversary Aramco is one of the leading integrated energy companies in the world. Sinopec, a The agreement, which coincides with Yasref’s 10th anniversary, seeks to...

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