Riyadh-Mubasher: Saudi King Salman and his Chinese counterpart Xi Jinping on Wednesday inaugurated a joint-venture refinery named ‘Yasref’ in Riyadh.
“This giant project will boost the partnership between Saudi Arabia and China,” said Aramco’s Chairman Khalid Al-Falih.
He added that the cooperating agreements signed between the two parties reflect their keenness to enhance their partnerships.
Yasref is one of five joint-venture refineries in Saudi Arabia. Another four are overseas, including one in Fujian, China.
The Yasref shipped its first diesel one year ago and has a capacity to refine 400,000 barrels of Arabian crude per day.
