Entity

Company Webpage: FREP is a large-scale petrochemical enterprise jointly invested by Fujian Petrochemical Company Limited (FPCL jointly invested by SINOPEC and Fujian Government), ExxonMobil China Petroleum & Petrochemical Company Limited (EMCP&P) and Saudi Aramco Asia Company Limited (SAAC) with a total investment of approximately RMB 40 billion in a proportion of 50%:25%:25% respectively, aiming to build and operate a set of world-class high-techintegrated petrochemical units.

In November 2009, Fujian Integrated Refining & Ethylene Project - the first highly integrated Sino-foreign petrochemical joint venture project with the largest investment in single planning inChina - was put into commercial operation, which increased FREP's refining capacity from4MTA (80K bbl/day) to 12MTA (240K bbl/day).