Mr. Ibrahim Q.Al-Buainain, President of Saudi Aramco Asia, visited FREP on the morning of November 5. Mr. Gu Yuefeng, Chairman and President of FREP, Mr. Nouraddin A. Yousuf, Vice President of FREP, and Mr. Liu Yanchang, Operation General Manager of FREP, had a cordial meeting with the delegation led by Mr. Ibrahim Q.Al-Buainain, where the host and the guests had cordial and friendly talks.

President Mr. Gu Yuefeng expressed, on behalf of OOP, warm welcome to Mr. Ibrahim Q.Al-Buainain to visit FREP again and gratitude to Mr. Ibrahim Q.Al-Buainain for the great support and help extended to the joint venture FREP while holding the post of Saudi Aramco Asia President, who witnessed the moment of successful foundation of Fujian Integrated Refining and Ethylene Project. He expressed thanks to Board Members for agreeing on him joining FREP team; because of the market environment, FREP operation and business faced great difficulty and pressure so we appreciated the strong support extended by shareholders including Saudi Aramco. The Company would further optimize product mix, endeavor to improve economic benefit and lay emphasis on improvement in areas of safety, business and profitability.

He said that the market environment inflicted pressure on every one without discrimination, just like fish living in a river that some survived and some got weeded out. Likewise, in spite of all these difficulties and pressure, FREP OOP and management were confident and we would follow the decision and deployment made by Board, pay high attention to Five KFAs and prioritized tasks, carry out management and profit double improvement activities in a deep-going way, improve technical indices, maximize returns to shareholders and look forward to great support and help from shareholders.

Mr. Ibrahim Q.Al-Buainain said it’s a pleasure to visit FREP again. He also said that I’m proud of the solidarity and cooperation of FREP OOP and the hard work and fighting spirit of the whole organization. He empathized with the joint venture about the hardship and pressure that was confronting the Company and expected the market to get further upbeat. He expressed that shareholders aligned in the target of FREP construction and development and would continue to render great support and help, as always. Success of FREP was also a result of sincere cooperation of shareholders. He hoped FREP would improve HSE management level continuously, leverage the scale advantage of refining and petrochemical integration, tap the potential in margin, operating expenses, reliability, etc. and promote the joint venture to further improve performance and profit; look forward to further partnership among shareholders so as to facilitate the joint venture to stride towards a higher goal.

Accompanied by President Mr. Gu Yuefeng, Vice President Nouraddin A. Yousuf, General Manager Mr. Liu Yanchang, etc., Mr. Ibrahim Q.Al-Buainain also visited FREP Exhibition Hall and CCR for the new plant area with great interest and was driven to the process plant area for observation. （by Xiao Wanyuan）