Aramco, Rongsheng in deal for Sasref expansion

SAUDI oil giant Aramco has anSA nounced that it has, along with its key affiliate Saudi Aramco Jubail ReCompany finery (Sasref) signed a development framework agreement with Chinese group Rongsheng Petrochemical at a special event in Beijing that paves the way for expansion of a vital Sasref faclity in Jubail.

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The tripartite agreement outlines the cooperation mechanism and planning relating to the design and development of the project, which aims to expand Sasref's refining and petrochemical capabilities while fostering international collaboration, said a statement from Aramco.

The Sasref expansion project is located in Jubail Industrial City along the Arabian Gulf coast in Saudi Arabia's Eastern Province.

The city has well-developed infrastructure and strategic geographical advantages.