BRIEF-Saudi Aramco Signs MoU With Sinopec For Potential Downstream Collaboration In China

SAUDI ARABIAN OIL CO: * ARAMCO AND SINOPEC STRENGTHEN TIES WITH POTENTIAL DOWNSTREAM COLLABORATION IN CHINA

* THROUGH ITS SUBSIDIARY SAUDI ARAMCO ASIA COMPANY LIMITED (SAAC) SIGNED MOU WITH CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC) FOR POTENTIAL DOWNSTREAM COLLABORATION IN CHINA * MOU REINFORCES LONG STANDING RELATIONSHIP WITH SINOPEC, ENHANCING PRESENCE IN ASIA

* COMPANIES TO OPTIMIZE OPERATIONS AT FUJIAN REFINING AND PETROCHEMICALS PROJECT * SAAC AND SINOPEC ALSO AIM TO SUPPORT FUJIAN REFINING AND PETROCHEMICAL COMPANY, LTD. ("FREP") IN CONDUCTING A FEASIBILITY STUDY INTO OPTIMIZATION AND EXPANSION OF CAPACITY

* MOU PROVIDES A BASIS FOR CONTINUED DOWNSTREAM COLLABORATION BETWEEN ARAMCO AND SINOPEC Source text for Eikon: Further company coverage:

Also Read: China: Shrinking job market raises concerns of a destablizing economy, report

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