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POWERCHINA signs cooperation agreement with CNPC

Updated: January 21,2019

Yao hoped to take the signing of the strategic cooperation agreement as an opportunity to improve the cooperation model, simplify exchange channels, expand areas of cooperation, and create new prospects for cooperation.

Jiao explained CNPC's overall situation. He said that CNPC is the largest crude oil and natural gas producer and supplier in China and one of the world's largest integrated energy companies.CNPC has a complete sales network and is strong in the production, transportation, and sales of natural gas, crude oil, and refined oil products. It is fully capable of meeting the needs of its customers.

Jiao said that POWERCHINA is in the top tier of global construction companies and complements CNPC well.

He added that the two parties have great potential for cooperation in refined oil, lubricating oil, and asphalt. CNPC will fully support and cooperate with POWERCHINA in capital, policy, and manpower.

He hoped to carry out cooperation in other fields as well, such as engineering construction.