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China Merchants renews strategic partnership with CNOOC

China Merchants CNOOC.jpg
China Merchants Group has renewed a cooperation agreement with China National Offshore Oil Corporation (CNOOC) to jointly developing energy shipping, clean energy application, product supply and distribution, comprehensive logistics, offshore equipment, industrial park operation and financing services.

Since the initial strategic cooperation agreement was signed in 2016, the two parties had established comprehensive cooperation on oil and chemical products transportation, LNG fill and use and offshore equipment research and development. 

“We expect the new agreement to exploit the advantages to the fullest and help us to further expand our cooperation scope,” said Li Jianhong, chairman of China Merchants.

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