OREANDA-NEWS. June 23, 2014. A strategic cooperation agreement was inked between CNPC and China Ocean Shipping (Group) Company (COSCO) in Beijing, laying a solid foundation for the two companies to further develop the international markets.

According to the agreement, CNPC and COSCO will give full play to their respective strengths to deepen the long-term cooperation in ocean transportation of petroleum products and equipment logistics, in order to realize mutual benefits and common development.

CNPC President Liao Yongyuan and COSCO President Li Yunpeng had a discussion on reinforcing cooperation between the two sides and attended the signing ceremony.