HOME

Track your shipment

Client Testimonials

"We wish to convey our sincere thanks to your organization which has been professionally handling our biz since 2003. We would like to take this opportunity to thank everyone of your staff members who supported and helped us during the hard times and gave us workable solutions and ideas to reach our business objectives. Al Rana Equipment & Machinery Trading Eng. Bassam Nowfat - Managing Director"

Al Rana Equipment & Machinery Trading,
View All

Subscribe To NewsLetter

Stay Updated with the latest news & Events and other activities

Subscribe Me !

News View

SAUDI ARAMCO SIGNS 2020 CRUDE OIL SUPPLY DEALS AT CHINA’S LARGEST TRADE FAIR
11/7/2019 12:00:00 AM

Saudi Aramco signed crude oil sales agreements for 2020 with five Chinese customers, increasing total volume by 151,000 barrels per day compared to their 2019 supply contracts. Saudi Aramco is already China's top crude supplier.

These five new agreements were signed separately on the sideline of the second China International Import Expo (CIIE), the largest trade fair held under the patronage of Chinese President Xi Jinping.

Commenting on the newly signed agreements, Ahmed Al-Subaey, vice president of marketing, sales and supply planning, said, “The new agreements signed at CIIE reflect Chinese customers’ continued faith in Saudi Aramco’s supply stability and operational excellence. Likewise, the new agreements demonstrate our continued commitment to the world’s fastest-growing oil market.”

This is the second consecutive year that Saudi Aramco has attended CIIE. Last year, the Company signed a number of crude oil sales agreements with Chinese customers that helped to propel Chinese crude oil sales in 2019 to new levels. These agreements reflect Saudi Aramco’s efforts to strengthen its position in China and support the country’s growth in refining and petrochemicals, as well as overall energy security.

Thanks