class integrated refining and petrochemical manufacturing complex. It is being developed jointly by Fujian Petrochemical Co. Ltd., Saudi Aramco Sino Co. Ltd. (SASC) and Exxon Mobil China Petroleum and Petrochemical Co. Ltd, a joint venture established March 31, 2007. The 900,000-barrel cargo of Arabian Extra Light was carried by the tanker Cosbright Lake from Ras Tanura to the QingLanShan terminal, in the southeastern Chinese province of Fujian. The project, which includes a 240,000-barrel-per-day refinery and will produce 2.2 million metric tons of petrochemicals a year, is in its final stage of construction. The FREP expansion is expected to be on-stream during the first half of this year. Officials from the local Fujian government and Sinopec, and shareholders' representatives attended the ceremony. --MORE
