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The Chinese group signed a supply agreement with Saudi Aramco and Kuwait Petroleum Corporation (KPC) for crude oil supply in 2019. The supply of both countries has increased more than 20 percent from 2018, a senior official said.
Saudi officials have said they will not be confirmed because they do not have access to the media. A Saudi official said Saudi Arabia will be handled at the Hong Ren refinery in Shandong and West Pacific Petrochemical Company in Dalian, as well as Quanzhou refinery in Fujian province.
Sinochem is a wholly owned subsidiary of Hongren and West Pacific Petrochemical Company.
(Korean time)
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