OREANDA-NEWS. April 15, 2013. In Sanya, Hainan Province, witnessed by Mexican President Enrique Pena Nieto who is paying a state visit to China and attending the Boao Forum for Asia 2013, CNPC President Zhou Jiping and PEMEX CEO Emilio Lozoya Austin signed a memorandum for cooperation.

At the signing ceremony, President Enrique Pena Nieto said that Mexico is presently amending energy laws to promote the opening up of its petroleum industry to the outside world.

Two state leaders both expressed their support to the cooperation between the two companies, and hoped to see sooner progress and win-win outcomes under the memo. Mr. Zhou Jiping said that CNPC will introduce its proven EOR technologies for mature oilfields to Mexico to facilitate bilateral collaboration.

PetroChina Vice President Bo Qiliang was present at the signing ceremony.