Aramco Overseas Co. BV and PetroChina Co. Ltd. have signed a memorandum of understanding for joint development of a 200,000-b/d grassroots refinery in Yunnan Province in far southwestern China.
By OGJ editors HOUSTON, Mar. 23 -- Aramco Overseas Co. BV and PetroChina Co. Ltd. have signed a memorandum of understanding for joint development of a 200,000-b/d grassroots refinery in Yunnan Province in far southwestern China.
The high-conversion refinery would process Arabian crude oil and yield products including ultralow-sulfur gasoline and diesel meeting Chinese specifications.
Under a long-term contract, Aramco would supply as much as all the crude needed by the refinery.
