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CNPC & Sinomach Sign Strategic Cooperation Framework Agreement

Source: www.gulfoilandgas.com 6/15/2016, Location: Asia

A strategic cooperation framework agreement was reached between CNPC and China National Machinery Industry Corporation (Sinomach) in Beijing. CNPC Chairman Wang Yilin and Sinomach Chairman Ren Hongbin had a meeting and attended the signing ceremony.

According to the agreement, CNPC and Sinomach will give play to their strengths and collaborate in equipment manufacturing, engineering construction, oil products supply, overseas business expansion, capital operation and financial services. Meanwhile, the two sides will keep deepening business cooperation through innovative ways, in order to realize win-win results for common development.

Sinomach is a diversified and comprehensive equipment industrial group committed to providing quality services globally. The group's primary businesses include R&D and manufacturing of mechanical equipment, project contracting, trade and services, and finance and investment. Its service scope covers critical national economic fields including machinery, electric power, energy, environmental protection, and aeronautics and astronautics.

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