Saudi Aramco's Fujian Facility announces Full Commercial Operation

Quanzhou, China, November 14, SPA -- Saudi Aramco and its joint venture partners,
Fujian Province, Sinopec and Exxon Mobil, has announced the full commercial
operation of the Fujian Integrated Refining and Ethylene Joint Venture Project
(FREP), China’s first integrated refining and petrochemical facility with foreign
participation.

FREP has tripled the capacity of the existing refinery - from 80,000 barrels per
day to 240,000 barrels per day - to produce transportation fuels and other refined
products, which will help meet the region’s growing need for fuels and chemical
products, according a latest report carried by Saudi Aramco's web-site.

Speaking on the occasion, Ali I. AI-Naimi, Saudi Minister of Petroleum and Mineral
Resources said “This project reflects the depth of Saudi-Chinese relations and
opens wider horizons of cooperation between the two countries in the petroleum and
petrochemical areas. China has one of the fastest growing oil consumption rates,
and Saudi Arabia, being the world’s largest oil exporter, always seeks to enhance
its petroleum relations with China through joint ventures thereby boosting sales of
Saudi oil in China.”

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