Falih, Saudi Aramco's President and Chief Executive Officer. “We don't consider ourselves simply sellers of oil to China, but rather strategic partners whose many relationships in that important country are founded on mutual respect, interdependence and mutual benefit. We are proud to contribute to China's steady economic growth and continued social development through our strategic long term investment and reliable supply of energy," he added. "As the national oil company of the world's largest developing country, CNPC joins hands with Saudi Aramco to establish a long term, stable and reliable partnership between the two companies," said Jiang Jiemin, President of CNPC. Saudi Aramco will supply the project company with up to 200,000 barrels per day of Arabian crude oil via a long-term contract while PetroChina will contribute its refined products retail network assets in the targeted market to the project company.
