Saudi Aramco's Official opens New Offices in Hong Kong

HONG KONG, March 15, SPA -- Saudi Aramco senior vice president of
Refining, Marketing and International Khalid G. Al-Buainain has
inaugurated both the Aramco Overseas Co. (AOC) Hong Kong office and
the new Hong Kong office of Saudi Aramco Sino Co. (SASC), a wholly
owned subsidiary of Saudi Aramco.


The AOC/SASC Hong Kong office inauguration recently was attended by
AOC and SASC staff and marks the transition between what had been a
development office for the Fujian project to the hub of Saudi Aramco
operations in the Asia Pacific region. The move also indicates the
increasing emphasis that Saudi Aramco places on its relationships in
the region.


With the change in its charter, AOC and SASC Hong Kong offices will
now manage Saudi Aramco’s interests and investments in Asia.


The Asia Joint Venture portfolio has four investments in three Asian
countries and cultures: S-Oil in the Republic of Korea, Showa Shell
in Japan, Fujian Refining and Petrochemical Co. Ltd. (FREP) in China
and Sinopec SenMei (Fuijan) Petroleum Co. Ltd. (SSPC) in China.