China National Petroleum Corporation, parent of Asia's largest oil and gas producer PetroChina, has signed an agreement with Saudi Aramco for further cooperation, the China Petroleum Daily said Wednesday.
The memorandum of understanding (MOU) was signed during a visit by the China National Petroleum Corporation's General Manager Jiang Jiemin to Saudi Arabia from December 18-21, the newspaper reported.
Jiang talked with Khalid A. Al-Falih, chief executive officer of Saudi Aramco, on expanding oil trading and cooperation in refining and oil engineering fields, it said.
It didn't elaborate on details of the memorandum.
Jiang also met Saudi Oil Minister Ali al-Naimi. Naimi said the Saudi government would fully support any cooperation China National Petroleum Corporation has with the world's largest oil exporter.
Prior his visit to Saudi Arabia, Jiang visited Singapore and met Singapore Prime Minster Lee Hsien Loong, the newspaper said.
Singapore is Asia's oil trading hub and home to Singapore Refining, jointly owned by PetroChina and Chevron , and the 2.32 million cubic meter Universal Terminal, in which PetroChina holds a 35 percent stake.
The memorandum of understanding (MOU) was signed during a visit by the China National Petroleum Corporation's General Manager Jiang Jiemin to Saudi Arabia from December 18-21, the newspaper reported.
Jiang talked with Khalid A. Al-Falih, chief executive officer of Saudi Aramco, on expanding oil trading and cooperation in refining and oil engineering fields, it said.
It didn't elaborate on details of the memorandum.
Jiang also met Saudi Oil Minister Ali al-Naimi. Naimi said the Saudi government would fully support any cooperation China National Petroleum Corporation has with the world's largest oil exporter.
Prior his visit to Saudi Arabia, Jiang visited Singapore and met Singapore Prime Minster Lee Hsien Loong, the newspaper said.
Singapore is Asia's oil trading hub and home to Singapore Refining, jointly owned by PetroChina and Chevron , and the 2.32 million cubic meter Universal Terminal, in which PetroChina holds a 35 percent stake.
