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China Merchants Group, Sinopec Group signs strategic cooperation agreement

August 21, 2018


Abstract : China Merchants Group signed a strategic cooperation agreement with Sinopec Group on Monday.

BEIJING, Aug. 21 (Xinhua)-- China Merchants Group signed a strategic cooperation agreement with China Petrochemical Corporation (Sinopec Group) on Monday in the fields of energy transportation, products supply and marketing, comprehensive logistics, ocean engineering equipment, e-commerce platform, and financial services.

Li Jianhong, chairman with China Merchants Group said the two parties should give full play to their respective advantages, realize resource sharing and complement each other's advantages, and carry out all-round cooperation in various fields.

Li suggested that the China Merchants Group and Sinopec Group should further explore the cooperation on low-sulfur fuel supply and guarantee the stable operation of long-term crude oil transportation agreements. (Edited by Ma Xin, maxin11@xinhua.org)

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