COMPANY NEWS

HETC Representative Travels to Dubai to Sign Agreement

The Representatives of the Dalian Huanbohai Energy Trading Center from China was set up a joint trading platform in Dubai and signed an agreement on February 27, 2020 local time. 

At the joint cooperation of His Royal Highness Salman Bin Yazid Bin Saud Bin A. Al-Saud from the Kingdom of Saudi Arabia and his advisory team, Mr Abdullah Al Gurg of Black Gold West FZCO a major shareholder of National Bank of Fujairah and he is a group of Chief Executive Officer of 38 Companies in UAE, the representative of Dalian Huanbohai Energy Exchange Center’s Mr Allen Wu a Director and Mr J. Javier Silva Ruiz, the chief representatives of the European and African regions.Mr Reece Ming, Mr Fabio Lopes, Mr Luiz Phelipe Zogbi, Mr Gary Gu. 

The meeting was held in Mr Abdulla Al Gurg office at the Al Gurg Tower 1 Dubai, on the establishment of a joint trading mechanism for the sales of Middle Eastern energy products to China.

All parties reached an agreement, and successfully signed a strategic cooperation protocol.

The successful signing of the cooperation agreement further strengthened China’s energy cooperation with Saudi Aramco, UAE of laying a solid foundation for the Dalian Huanbohai Energy Trading Center to expand the energy sectors to Middle East energy market and securing the guaranteed supply of the national energy security.