China Trade Information

Chinese Academy of Sciences (CAS) and China Petroleum & Chemical Corporation (Sinopec), the 3rd largest oil refiner in the world, inked an agreement for comprehensive strategic cooperation on in Beijing, Jan. 23. Sinopec President Wang Tianpu and CAS Vice President Shi Erwei were present at the event to witness the event.

According the agreement, the two sides will give priority to collaborations in the fields of oil and gas exploration, oil refining, petrochemicals and new energy sources and materials. The partnership will take various forms, ranging from co-development, technology transfer, to technical consultation and services.

It is also agreed that the two parities will join forces to set up labs and engineering centers so as to accelerate the research and development of new products and technologies.

Tags: Petroleum, Sinopec

• Yunnan to build new gas pipeline (0)
• Yanzhou Coal to invest in parent’s coal liquefaction project (0)
• Xinjiang Provides Succor to Sinopec (0)
• Woodside signs LNG deal with CPC (0)
• White Paper: Chinas Energy Conditions and Policies (0)
• Vice premier urges more energy output to ensure supply (0)
• Venezuela’s PDVSA, China’s CNPC jv to develop Sumano oil field (0)
• Uncertainties Remain for Sinopec (0)