BRIEF-Aramco And China National Building Material Group Announce Strategic Collaboration

Reuters09-24

Sept 24 (Reuters) - SAUDI ARABIAN OIL CO :

* ARAMCO AND CHINA NATIONAL BUILDING MATERIAL GROUP ANNOUNCE STRATEGIC COLLABORATION

* SIGNS A FIVE-YEAR COOPERATION FRAMEWORK AGREEMENT $(CFA)$ WITH THE CHINA NATIONAL BUILDING MATERIAL GROUP

* CFA TO EXPLORE NEW OPPORTUNITIES IN ADVANCED MATERIALS AND INDUSTRIAL DEVELOPMENT

* COMPANIES HAVE IDENTIFIED A NUMBER OF AREAS FOR POTENTIAL COLLABORATION, INCLUDING POSSIBLE ESTABLISHMENT OF MANUFACTURING FACILITIES IN SAUDI TO PRODUCE WIND TURBINE BLADES, HYDROGEN STORAGE TANKS, LOWER-CARBON BUILDING MATERIALS, AND ENERGY STORAGE SOLUTIONS

* OTHER AREAS OF FOCUS INCLUDE A POTENTIAL NEW CENTER FOR TRAINING, INSPECTION AND ACCREDITATION, AS WELL AS A PROPOSED JOINT TECHNOLOGY DEVELOPMENT CENTER AND LABORATORY TO PROMOTE INNOVATION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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