China Merchants Group and CNOOC sign a strategic cooperation framework agreement.

On August 20th, China Merchants Group and CNOOC signed a strategic cooperation framework agreement in Beijing. According to the agreement, both parties will fully leverage their respective strengths to deepen cooperation in areas such as shipping, clean energy applications, oil and gas product storage and transportation, marine engineering products and services, technological innovation, industrial parks, comprehensive finance, etc., to achieve mutual complementarity and win-win cooperation.