AsiaNet 85524

AL-KHOBAR, Saudi Arabia, Sept. 11, 2020 /PRNewswire=KYODO JBN/ --

China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386), China's leading

energy and chemical company, today held a Sinopec Open Day in Saudi Arabia.

This "Better Energy, Better Life" event exploring Sinopec's comprehensive,

multi-faceted approach to sustainability, is its first virtual, as well as

first international Open Day.

To watch the video of Sinopec Virtual Open Day event, please visit:

https://www.youtube.com/watch?v=VanwNQqHr8g&feature=youtu.be

Video - https://cdn5.prnasia.com/202009/Sinopec/video.mp4

video caption: Sinopec Holds First Virtual Open Day Event in Saudi Arabia

A close and deepening cooperation

This online event highlighted Sinopec milestones since its entry into Saudi

Arabia in 2000 and provided updates while inviting questions from the global

audience.  

For over two decades, Sinopec has consistently provided high-quality

engineering, technology, and refining services for the Saudi petroleum and

petrochemical industry, as well as supplied petroleum and petrochemical

equipment, products, and services.

Sinopec, along with local partners, launched a world-class joint venture and

cooperation refinery plant. In 2000, Sinopec established its first drilling rig

in the country; now, it oversees nearly 70 rigs. With its safe, efficient

construction, Sinopec has established a positive reputation in Saudi Arabia.

To propel the development of drilling technology, Sinopec established Sinopec

Tech Middle East in Saudi Arabia's Dhahran Techno Valley in 2017, the first

Chinese R&D center in the country. This reflected Sinopec's commitment to

becoming the world's leading clean energy chemical company through greater

cooperation with local communities and the government.

Sinopec is currently carrying out a four-year 3D geophysical prospecting

project in the country, with over 1,000 project personnel combating average

highs of 50° Celsius of daily basis in a desert zone covering more than 200km2.

Since entering Saudi Arabia in 2004, the Sinopec Exploration team has completed

nine geophysical prospecting projects marked by its leading technology and

outstanding health safety & environment performance.

In 2008, the Sinopec Training Center opened in Saudi Arabia to train local

petroleum engineering personnel. As Sinopec's first overseas training center,

it has since hosted 1,310 training courses and trained over 30,000 employees,

in addition to cooperating with Saudi Aramco Training and multinational

training institutions. The training center is also an important venue for

Sino-Arab cultural exchange with a Silk Road bookstore for students to learn

about Chinese culture.

To help Saudi Arabia realize its 2030 vision of building up a vibrant society,

a thriving economy, and an ambitious nation, Sinopec is also constructing over

30 city overpasses and passages in Saudi Arabia, creating a 600km domestic

water transportation system from Yanbu to the holy city of Medina as well as a

300km irrigation system.

Concurrent with this virtual open day event, Sinopec released the book "My 100

Overseas Colleagues", which tells the stories of Sinopec employees around the

world. Meanwhile, Sinopec has also launched Sinopec Russia account on Facebook,

Twitter, and VK to highlight its local appearance.

A growing international presence

Sinopec has 327 offices, 350 ongoing projects, and 52,000 international

employees across 60 countries and regions around the world. Its overseas assets

total more than RMB 600 billion. In line with the Belt and Road Initiative,

Sinopec forged energy partnerships on an international level to establish new

platforms for global, win-win cooperation. It is dedicated to assisting Belt

and Road Initiative countries such as Saudi Arabia, Russia, and Kuwait as they

transform from resource-exporting countries to resource-processing countries,

steering forward in their sustainable development.

In uncertain times, Sinopec has continued to work with local governments to

battle the Covid-19 pandemic, promote the resumption of production and

projects, and ensure the health of its employees around the world.

Logo - https://photos.prnasia.com/prnh/20190814/2551581-1LOGO

About Sinopec

Sinopec Corp. is one of the largest integrated energy and chemical companies in

China. Its principal operations include the exploration and production,

pipeline transportation and sale of petroleum and natural gas; the sale,

storage and transportation of petroleum products, petrochemical products, coal

chemical products, synthetic fibre, fertiliser and other chemical products; the

import and export, including an import and export agency business, of

petroleum, natural gas, petroleum products, petrochemical and chemical

products, and other commodities and technologies; and research, development and

application of technologies and information.

Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people,

responsibility, integrity, precision, innovation and win-win' as its corporate

core values, pursues strategies of value-orientation, innovation-driven

development, integrated resource allocation, open cooperation, and green and

low-carbon growth, and strives to achieve its corporate vision of building a

world leading energy and chemical company.

SOURCE  Sinopec