Zhong Guo Xin Wen Wang·2025-09-07 13:57Core Viewpoint - The establishment of Fujian China-Arab Refining and Chemical Co., Ltd. marks a significant milestone in the collaboration between China Petroleum & Chemical Corporation (Sinopec), Fujian Province, and Saudi Aramco, particularly in the context of the Gulei Phase II project, which is the largest investment project in Fujian and Sinopec's largest single investment in the refining and chemical industry [1][1][1] Group 1 - The Gulei Phase II project has a total investment exceeding 70 billion RMB, making it the largest industrial project in Fujian to date [1][1] - The project is a joint venture involving Fujian Province, Sinopec, and Saudi Aramco, highlighting international cooperation in the energy sector [1][1] - The project aims to promote high-end, intelligent, and green development, contributing to the establishment of a trillion-yuan petrochemical industry in Fujian [1][1][1] Group 2 - The establishment of the new company is seen as a key step forward for the Gulei Phase II project, emphasizing the importance of collaboration among the involved parties [1][1] - The leaders expressed hopes for deepening friendship and cooperation to achieve shared prosperity and progress in the energy sector [1][1]