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1. Reuters BEIJING, 25 May 2007 — Saudi Aramco will soon conclude an agreement with China Petroleum & Chemical Corp (Sinopec) to set up a refinery joint venture in Qingdao in eastern China’s Shandong province, a Saudi Aramco official said. «The agreement on the Qingdao joint venture will be reached soon,» Adil Al–Tubayyeb, vice president for joint venture development of Saudi Aramco’s refining and international marketing division, told XFN–Asia on the sidelines of an industry forum.