Wednesday, 22 December 2010

China's CNPC, Saudi Aramco sign MOU for cooperation | Energy & Oil | Reuters

China National Petroleum Corp, parent of Asia's largest oil and gas producer PetroChina , has signed an agreement with Saudi Aramco for further cooperation, the China Petroleum Daily said on Wednesday.

The memorandum of understanding (MOU) was signed during a visit by CNPC's General Manager Jiang Jiemin to Saudi Arabia on Dec. 18-21, the newspaper, which is run by CNPC, reported.

Jiang talked with Khalid A. Al-Falih, chief executive officer of Saudi Aramco, on expanding oil trading and cooperation in refining and oil engineering fields, it said.

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