Sinopec Forges Oil Deals With UAE, Saudi Aramco

Law360, New York (January 17, 2012, 8:20 PM EST) -- China Petrochemical Corp. cinched a strategic cooperation agreement with United Arab Emirates-owned Abu Dhabi National Oil Co. on Tuesday, the UAE's official news agency said, three days after inking a deal with Saudi Arabia-owned Saudi Aramco to develop a new refinery.

The agreement between state-run China Petrochemical, known as Sinopec, and ADNO, aims at collaborating on oil production and upstream projects in undeveloped areas in the UAE, according to the Emirates News Agency.

The deal followed Saturday's announcement that Sinopec had entered into a joint venture...
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