Fujian Terminal Gets First Saudi Crude 2 FUJIAN

FREP is developing a world-class integrated refining and
petrochemical manufacturing complex. It is being developed jointly by
Fujian Petrochemical Co. Ltd., Saudi Aramco Sino Co. Ltd. (SASC) and
Exxon Mobil China Petroleum and Petrochemical Co. Ltd, a joint
venture established March 31, 2007.


The 900,000-barrel cargo of Arabian Extra Light was carried by the
tanker Cosbright Lake from Ras Tanura to the QingLanShan terminal, in
the southeastern Chinese province of Fujian.


The project, which includes a 240,000-barrel-per-day refinery and
will produce 2.2 million metric tons of petrochemicals a year, is in
its final stage of construction.


The FREP expansion is expected to be on-stream during the first half
of this year.

Officials from the local Fujian government and Sinopec, and
shareholders’ representatives attended the ceremony.