14-11-2012
Aramco Asia regional headquarters opens in Beijing
Saudi Arabian Oil Company (Saudi Aramco), the fully integrated, global petroleum and chemicals enterprise, announced the official opening of Aramco Asia in Beijing, China, deepening its presence in one of the world’s fastest growing regions, a move that underscores the strategic importance of Asia to the company.
Aramco Asia, which is a wholly-owned affiliate of Saudi Aramco and headquartered in Beijing, will serve as the business and cultural exchange portal between Saudi Aramco and China. The new head office in Beijing has two supporting branches in Shanghai and Xiamen.
“Our new Asia office here in Beijing will be a hub for facilitating our joint activities in general and in particular investment and other business opportunities arising from the capital projects in Saudi Arabia and Asia. The Kingdom is ‘open for business’ for Chinese and other Asian companies, as there are abundant opportunities across many sectors,” Abdulrahman F. Al-Wuhaib, Saudi Aramco Senior Vice President, Downstream, said at the Aramco Asia inauguration ceremony on Monday in Beijing.
The new entity will provide services of crude oil and chemicals marketing, joint venture coordination, procurement, inspection, research and development, project management, human resources development and communications in the region.
“Aramco Asia brings together our business operations in this fast-growing region under one entity and be unified in carrying out Saudi Aramco’s vision and strategy for Asia. Aramco Asia will play an important role and be part of the building blocks that will contribute to Saudi Aramco’s corporate transformation to become a global leader in energy and chemicals by 2020,” said Dawood M. Dawood, vice president, Marketing, Supply and Joint Venture Coordination (MSJVC), Saudi Aramco, who led Saudi Aramco teams in implementing the company’s strategy in the establishment of Aramco Asia.
More than 300 distinguished guests, including Chinese government officials, foreign embassies’ ambassadors, top executives of energy companies, veteran energy experts and researchers from Chinese academia and institutions, as well as Saudi Aramco and Aramco Asia’s long-term partners, attended the grand inauguration on Monday.
“Aramco Asia will offer a full range of services and resources for the handling and management of robust business between Saudi Aramco and our partners and companies in China, and the wider Asia region,” said Mr. Sulaiman M. Ababtain, president, Aramco Asia, at the inauguration ceremony.
At present, Aramco Asia manages the interest of two joint ventures in China: Fujian Refining and Petrochemical Company, or FRPC, and Sinopec Senmei Petroleum Company Ltd. Both are located in southeastern Fujian province.
In addition, Aramco Asia is preparing to sell chemical products from FRPC to tap into China’s chemical market, aligned with parent Saudi Aramco’s goal to become a global leader in refining and chemicals by 2020.
News Category:
-
TotalEnergies to cease operating its oldest steam cracker in Antwerp
TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...
23-04-2025
-
HOERBIGER to break ground on new Florida Campus in Florida
HOERBIGER Corporation of America will hold a ceremony to commemorate the groundbreaking of its future home, the HOERBIGER Florida Campus, on Wednesday, April 23rd. Construction ...
22-04-2025
-
Amogy and JGC to accelerate commercialisation of ammonia cracking catalyst
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...
17-04-2025
-
Clariant teams up with Technip to introduce new steam-to-oil catalyst
Clariant, a global leader in specialty chemicals, today announced the launch of StyroMax UL-100, its most advanced ethylbenzene dehydrogenation catalyst to date. This ...
09-04-2025
-
Yokogawa Launches OpreX Plant Stewardship
Yokogawa Electric Corporation announces the launch today of OpreXTM Plant Stewardship, the most comprehensive lifecycle service program in the company’s OpreX Sustainable ...
08-04-2025
-
IndianOil to build mega petrochemical project in Paradip
In a landmark development, Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical ...
08-04-2025
-
BDI BioEnergy to begin construction of biofuel feedstock refinery plant
BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will ...
04-04-2025
-
Lummus Technology completes startup of electric heater demonstration unit
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the successful startup of its SRT-eTM commercial demonstration ...
03-04-2025
-
Clariant announces the successful startup of MegaMax™ 900 catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s ...
03-04-2025
-
Burckhardt Compression, a global leader in reciprocating compressor technology, has won a significant order for Digital Monitoring Services in Saudi Arabia. The order ...
03-04-2025