Saudi Arabia to seek China's expertise on oil refining
Saudi Arabia and China cooperate with each other in areas of common interest in the field of advanced technology and scientific development, according to Mohammed bin Ibrahim Al-Suwaiyel, president of King Abdulaziz City for Science and Technology (KACST).
He made the remarks as he opened the first Saudi-Chinese Oil Refinery Forum at the KACST headquarters in the presence of Prince Turki bin Saud bin Mohammed, KACST vice president for research institutes.
There is thus a strong need for the two countries to enhance their cooperation to develop scientific and applied research in oil refining and renewable sources for mutual benefits, he said.
The forum, arranged in cooperation with the China Petroleum University, will identify new areas of cooperation in oil refinery, he said.
“The proposed activities will soon become realities with fruitful cooperation between the KACST and the China Petroleum University,” he said, pointing out that agreements have been signed for five new projects with China in refinery technology.
Al-Suwaiyel hoped that the forum would benefit researchers and the industrial sector in petrochemicals and oil refining, and wide-open new doors for applied scientific research and cooperation among participants.
Professor Shan Honq, president of China Petroleum University, said the growing demand for energy had stimulated an unprecedented pressure in the development of advanced petrochemical technologies with respect to manufacture heavy oil scattered throughout the world.
She emphasized that the forum is important to discuss the future of the oil industry, petrochemicals and refinery to redesign the operations of the petroleum industry and techniques in a more efficient and environment-friendly manner.
She touched on the history of establishing the University of Petroleum in China, its achievements in the field of oil and gas, and relevant specialization, including exploration.
She said oil is the lifeblood of modern industries and the world cannot be imagined without oil.
She stressed that China is the first country in the field of energy consumption for the year 2011 while Saudi Arabia is the first country in oil production and exports.
Hameed Al-Muqrin, chairman of the forum, said the oil refineries in the Kingdom produced 2.1 million barrels of refined oil a day at present.
“The Kingdom is to set up three more refineries that will produce 400,000 barrels of oil from each refinery a day,” he added.
- Egyptian stocks plummet as Yemen confict deepens
- Mission to Mars: UAE plans Arab region's first unmanned probe
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis
- Ethiopia launches $2.8m research survey for Nile basin development
- UAE sweetens flotation regulations to attract more investment
- Innovation or desperation? Saudi Arabia seeks tighter grip on oil market through new monumental refineries
- Saudi Arabia to retain spot as China's to oil supplier in 2014 but is also about to face some fierce competition
- China seeks FTA with Saudi Arabia, GCC
- Prince Abdulaziz Bin Salman inaugurates Saudi Oil & Gas as global industry players seek to kick start new decade on upbeat note