Page 48 - Sinopec News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Saudi Aramco has awarded contracts worth more than $3.3 billion to Chinese company Sinopec and Spain’s Tecnicas Reunidas to build a gas facility in Saudi Arabia. According to a disclosure on the Spanish Stock Exchange, Sinopec will own 65 percent of the project, and Tecnicas Reunidas will have a 35 percent share. The statement added that the contracts cover engineering, procurement, and construction, including building liquefied natural gas (LNG) distillation facilities in the Al-Riyas project. They also include the provision of storage and export facilities.

The Australian government has solidified the energy security of its east coast market through new gas supply deals.

The proven geological reserves amount to 133.012 Bcm as  validated by the State Ministry of Natural Resources, which marks another integrated, ultra-deep and  tight-sandstone gas field of over 100 Bcm in China.

ISLAMABAD: For the first time, Pakistan has initiated diplomatic endeavours to effectively persuade the Kingdom of Saudi Arabia and Sinopec -- one of the biggest Chinese companies known for...

Pakistan’s envoy in Riyadh asked to approach the authorities to facilitate taking the project forward, say source