On the sidelines of the opening ceremony of the joint venture /Sinopec Co. / SABIC-Tianjin for Petrochemical, Prince Saud bin Abdullah bin Thunayan Al Saud, Chairman of the Royal Commission for Jubail and Yanbu and President of Board of Directors of Saudi Basic Industries (SABIC ) attended here this evening a dinner party held by the Chinese side. On the occasion, the Deputy Chairman of China"s Sinopec, Tian Wang Bu delivered a speech in which he welcomed the audience and praised the step of the establishment of the joint venture and talked about his aspirations for the project and its impact as a step towards strengthening the joint Saudi-Sino action. For his part, the Deputy President of the Board of Directors of SABIC, who is also the CEO of SABIC, Eng. Mohammed bin Hamad Al-Madhy, stressed SABIC"s keenness on entering into partnerships with leading companies such as Sinopec. -- SPA
