Sabic: Marketing Agreement with Saudi Aramco
Saudi Aramco Sino Company Ltd., a wholly owned subsidiary of Saudi Aramco, signed a mutual cooperation agreement with Sabic Shenzen Trading Company Ltd, a Sabic subsidiary in the Peoples’ Republic of China. Under this agreement, Sabic Shenzen will market Saudia Aramco Sino’s 25 % share of polyolefin products produced by the Chinese Fujian Refining and Petrochemicals Company, which is considered to be the first refining and petrochemical industries integrated project to be established with a foreign company in China.
For Sabic this agreement constitutes an extra relative advantage which grants it the right to market polyolefins in support of Saudi investments abroad.
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