Saudi Aramco teams with Sinopec for Red Sea Refining Co. Yanbu refinery project

Saudi Aramco and China Petrochemical Corporation (Sinopec) signed a Memorandum of Understanding (MOU) related to the ongoing development of the Red Sea Refining Company (RSRC), a world-class, full-conversion refinery in Yanbu’, on the west coast of Saudi Arabia. The MOU was signed by Khalid A. Al-Falih, President and CEO, Saudi Aramco, and Su Shulin, President, Sinopec.
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Source: Penn Energy