ExxonMobil Signs Agreement to Strengthen Collaboration with PipeChina

Source: www.gulfoilandgas.com 11/10/2022, Location: Asia

ExxonMobil signed a strategic cooperation framework agreement with China Oil and Gas Pipeline Network Corporation (PipeChina). The two companies will collaborate on a number of business opportunities, including traditional oil and gas transportation, fuels and lubes, as well as low-carbon solutions development.

“ExxonMobil’s global scale, integration and functional excellence coupled with PipeChina’s open and forward-looking infrastructure planning will help China meet its fast-growing energy demand and goals for carbon neutrality by 2060,” said Koh Tze San, president of ExxonMobil China gas marketing.

Li Tian, general manager of the Marketing Department of PipeChina, said: "The signing of the strategic agreement has laid a solid foundation for the follow-up cooperation between the two parties, and PipeChina will continue to adhere to the principle of ‘openness, transparency and win-win cooperation’, explore internationalization and new business, promote the coordinated development of the oil and gas industry chain, inject new green and low-carbon momentum, and ensure the security of national energy supply.”

ExxonMobil has been actively re-engaged in China’s energy industry since the late 1970s. Through its long-term business presence in China, ExxonMobil continues to help meet China’s energy needs through its products, technologies, partnerships and investments.


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