Saudi Aramco is a world-leading integrated energy and chemicals company, which provides crude oil of nearly 1.8 million barrels per day to China’s market. Mohammed Y. Al Qahtani, Downstream President of Saudi Aramco, will attend the Fourth Qingdao Multinationals Summit to be held on October 10.
In recent years, Shandong has accelerated its reform of simplifying administration and delegating power, combining decentralization and management, and optimizing services, making its doing business environment enter China’s first echelon. The Downstream President of Saudi Aramco stated that Shandong’s success is embodied in the province’s remarkable achievements in the energy and retail sectors and its recovering service industry and employment environment. Saudi Aramco will explore great opportunities in Shandong and firmly believes that Shandong boasts sufficient resources, a stable economic environment, and solid leadership. Mohammed Y. Al Qahtani anticipated that more cooperation channels would be found through this summit and hoped to cement the company’s partnership with Shandong through discussions and cooperation in this summit, thus reaching mutual development and prosperity.