Aramco's unit, Sinopec partners for potential downstream collaboration in China

Dhahran: A unit of Saudi Arabian Oil Company — Aramco — signed on Tuesday an initial agreement with China Petroleum & Chemical Corporation, known as Sinopec, for potential downstream collaboration in China.

The subsidiary, Saudi Aramco Asia Company Ltd., and Sinopec aim to support Fujian Refining and Petrochemical Co. in conducting a feasibility study into the optimization and expansion of capacity, according to a statement.