On February 2 1-22, Crown Prince mohamed ben salman of Saudi Arabia visited China, during which a number of China enterprises signed 35 memorandums of cooperation with Saudi government departments and enterprises, amounting to tens of billions of dollars. The total amount exceeds $28 billion, involving petrochemical, manufacturing, new energy, communications and other industries. Among them, the investment in petrochemical industry exceeded $654.38+07 billion, accounting for about 60% of the total.

On February 22nd, Saudi Aramco signed three memorandums of understanding to expand its downstream business in Zhejiang Province, one of the most economically developed provinces in China, and then signed relevant cooperation agreements with China North Industries Group and Liaoning Province. At the same time, SABIC and Fuhai Chuang are about to start Gulei's 2 million tons of ethylene and downstream deep processing projects. Saudi petrochemical giants set up joint ventures or shares in China, Zhejiang, Liaoning and Fujian, and once again won the favor of foreign petrochemical giants!

Process Jun will show you the details one by one.

Saudi Crown Prince's trip to China

Saudi Aramco acquired a 9% stake in Zhejiang Petrochemical.

Saudi Aramco signed the first contract with Zhoushan Municipal Government of Zhejiang Province to acquire 9% equity of Zhejiang Petrochemical Co., Ltd. (hereinafter referred to as Zhejiang Petrochemical), but did not disclose the specific amount.

Zhejiang Petrochemical Company was established on 20 15, and is a mixed-ownership enterprise. The controlling shareholder is Rong Sheng Petrochemical Company (002493. SZ), private enterprises, accounting for 5 1%. State-owned Zhejiang Juhua Investment Co., Ltd. and private enterprise Zhejiang Tongkun Investment Co., Ltd. each hold 20%; Zhoushan Ocean Integrated Platform Development and Investment Co., Ltd. holds 9% of the shares.

Zhejiang Petrochemical Company is building a 40 million tons/year refining and chemical integration project. Under the background of the State Council 20 14 that "the petrochemical base refining and chemical integration project determined by the national plan is open to social capital", it is a project built to solve the problem of serious restrictions on PX raw materials abroad.

According to public information, the Zhejiang provincial government initially held 9% equity of Zhejiang Petrochemical, with a corresponding capital contribution of 265.438+0.42 billion yuan.

Saudi Crown Prince's trip to China

Service Supply Zhejiang Petrochemical Refining and Chemical Integration Project

The second contract was signed with Rong Sheng Petrochemical, Zhejiang Juhua Investment Co., Ltd. and Zhejiang Tongkun Investment Co., Ltd., Saudi Aramco will provide long-term crude oil supply for Zhejiang Petrochemical's refining and chemical integration project, and make full use of Zhejiang Petrochemical's large crude oil storage facilities to provide services to Asian customers.

Hu Zhongming, Chairman of Juhua Group (first from left), Li Shuirong, Chairman of Zhejiang Rong Sheng Holding Group (second from left), and A Min, President and CEO of Saudi Aramco. Amin Nasser and Chen Shiliang, Chairman of Tongkun Group (first from right).

Zhejiang Petrochemical Refining and Chemical Integration Project is located in Yushan Island, Zhoushan City, Zhejiang Province, with a total investment of 654.38+73 million yuan. It will be built in two phases, with an annual output of 20 million tons of crude oil, 5.2 million tons of aromatic hydrocarbons, 6.5438+0.4 million tons of ethylene and 6 million tons of refined oil.

The project plans to build six oil and liquid product berths 16, of which two berths of 50,000 tons and one oil berth of 65,438+100,000 yuan will be built in the first phase.

In the future, Zhejiang Petrochemical will also plan to build the third phase project (20 million tons). By then, it will have a crude oil processing capacity of 60 million tons/year and become a world-class large petrochemical industrial base.

10 Last June, at the Second World Oil Merchants' Congress, Saudi Aramco signed a memorandum of cooperation with the Zhejiang Provincial Government, indicating that it would carry out capacity cooperation with Zhejiang Petrochemical, set up a crude oil storage, transportation and sales base, engage in related oil storage, transportation, trade and sales, and plan to acquire shares.

Saudi Crown Prince's trip to China

Cooperate with Zhejiang Energy to invest in refined oil retail.

The third contract was signed by Saudi Aramco and Zhejiang Energy Group to invest in the retail network of refined oil products. The two sides plan to establish a large-scale retail network of refined oil products in Zhejiang Province in the next five years. The retail business will be integrated with Zhejiang Petrochemical and become the distribution channel of refined oil.

Saudi Aramco official micro said that this is to explore the potential investment in the retail network of gas stations in East China and related investments in other downstream areas.

The cooperation with Zhejiang Energy Group in the retail network of refined oil products is Saudi Aramco's recognition of its sales channels.

From 2065438 to September 2007, Zhejiang Energy and Zhejiang Petrochemical jointly invested to establish Zhejiang Petroleum Co., Ltd. (hereinafter referred to as Zhejiang Petroleum), which mainly engaged in crude oil trade, oil storage and transportation, offshore services focusing on fuel oil filling, and refined oil sales.

Zhejiang petroleum staff once said that the company is mainly responsible for selling refined oil produced by Zhejiang Petrochemical. Sales channels include wholesale, direct sales, self-operated retail and export.

Saudi Crown Prince's trip to China

China and Saudi Arabia sign the largest joint venture oil project

Saudi Arabian Oil Company, China Ordnance Industry Group Co., Ltd. (hereinafter referred to as China Ordnance) and Panjin Xincheng Industrial Group (hereinafter referred to as Panjin Industry) jointly signed an agreement. The three parties plan to invest more than 69.5 billion yuan (about 65.438+0.009 billion US dollars) to establish Huajin Ami Petrochemical Co., Ltd. (hereinafter referred to as Huajin Ami) in Panjin City, Liaoning Province.

A Min, President and CEO of Saudi Aramco? Nasser (middle) took a group photo with Jiao Kaihe (left), Chairman of China North Industries Group Co., Ltd., and Tang Yijun, Governor of Liaoning Province.

After the completion of this project, China ordnance industry will hold 36% shares of Huajin Ami, 35% shares of Saudi Aramco and 29% shares of Panjin Industry.

Huajin Ami Project is estimated to cover an area of 598 hectares, and it is planned to build an annual refining capacity of150,000 tons (300,000 barrels per day), an ethylene capacity of150,000 tons and a PX capacity of130,000 tons, with the goal of becoming a world-class refining and chemical integration base.

Amin nasser, CEO of Aramco, said that the project clearly demonstrated Aramco's corporate strategy: China and Saudi Arabia can make major investments in China from their previous business relationship in the petrochemical field to promote China's economic growth and development.

In the joint venture project of Huajin Aramco, 70% of the crude oil will come from Saudi Aramco.

According to Liaoning Daily, the Sino-Saudi joint venture refining and chemical project was approved by Liaoning provincial government in July 2065438+2005. After completion, it is estimated that the annual sales revenue, profits and taxes in Northeast China will increase by165438+20 billion yuan.

Huajin Ami Project will also greatly enhance the refining and petrochemical capacity of China Weapons.

At the beginning of 2000, China ordnance began to enter the oil industry. At present, petroleum business has covered oil and gas exploration and development, crude oil and refined oil trade, oil and gas storage and transportation, petroleum refining and liquefied natural gas (LNG), forming a relatively complete industrial chain.

By the end of 20 17, China ordnance industry had oil and gas exploration blocks in six countries, with geological reserves exceeding 10 billion tons, of which the annual trade volume of crude oil and refined oil reached tens of millions of tons. At present, the annual refining capacity of China Weapons in Liaoning Province has reached 8 million tons.

2065438+May 2007, China Ordnance Industry signed a joint development agreement with Saudi Aramco and Panjin Industry to jointly develop the "China Ordnance Fine Chemical Industry and Raw Material Engineering" project, and held a groundbreaking ceremony.

Panjin Industry is a wholly state-owned company funded by the State-owned Assets Management Office of Panjin Liao Bin Coastal Economic Zone. Established in 201011kloc-0/,with a registered capital of about 940 million yuan.

In addition, the cooperation between Saudi Aramco and Liaoning Province in China is not limited to oil refining and chemical projects. By the end of 20 19, Saudi Aramco, North Huajin Chemical Group Co., Ltd. and Liaoning Communications Construction Investment Group will form a tripartite marketing joint venture to jointly develop the retail gas station project in China.

Saudi Crown Prince's trip to China

SABIC starts petrochemical project in Fujian.

The project is newly built by Fujian Fuhaichuang Petrochemical Co., Ltd. (Fuhaichuang) and Saudi Basic Industry Company (SABIC). The construction site is located in Gu Lei Petrochemical Base, Zhangzhou, Fujian; Advanced, reliable, mature and environment-friendly technologies and equipment are adopted to build 654.38+800,000 tons/year ethylene plant, 600,000 tons/year propane dehydrogenation plant and 654.38+03 downstream production plant.

According to public information, Fujian Fuhaichuang Petrochemical Co., Ltd., a partner of SABIC, was registered on 20 17 10 on October 27th, and was composed of Fujian Hua Fu Gulei Petrochemical Co., Ltd. (Hua Fu Gulei Petrochemical Company) and Longteng Aromatics in a ratio of 90: 10. Hua Fu Gulei Petrochemical Company was jointly funded by Hua Fu Group and Zhangzhou Jiulongjiang Group. After the establishment of Fuhai Chuang, it officially took over the rectification and recovery project of Longteng Aromatics, and successfully restarted the aromatics project at the end of 20 18.

At present, the social stability risk analysis of 2 million tons of ethylene and downstream deep processing equipment in Fujian Petrochemical Complex project is being publicized.

Saudi Crown Prince's trip to China

What other China enterprises are involved in petrochemical project cooperation?

According to the information provided by the forum conference group, among a series of petrochemical cooperation projects signed this time, the memorandum of understanding signed by Guangdong Yongshun Group and Shanghai Yongsheng Group with Saudi government departments ranks first in terms of capital scale.

The memorandum of understanding signed by Yongshun Group, Saudi Ministry of Energy, Industry and Mineral Resources and Esnad Al Rowad Company involves a capital of 5.6 billion US dollars, with investment in petroleum and chemical industry.

Yongshun Group was established in 1998, and its core business includes oil trade, offshore oil supply, oil storage and wharf facilities. Besides China, it has also invested or set up offices in Singapore, Dubai and some Asian countries.

Huisheng Group and Saudi Arabia Investment Administration also signed a $5.6 billion cooperation project in the petrochemical field. According to the data of official website, Huisheng Group was established in 1988, and now its main business is energy and chemical services, covering the storage and utilization of basic energy such as coal, oil and natural gas, the manufacture of offshore engineering equipment and the development of new downstream chemical materials.