PetroChina and China Railway Sign Strategic Cooperation Agreement

China Railway Tunnel Group and China National Petroleum Pipeline Bureau signed a strategic cooperation framework agreement. According to the agreement, China Railway Tunnel and Natural Gas Pipeline Bureau will give full play to their respective advantages and expand comprehensive cooperation in the fields of underground cavern engineering, oil and gas pipelines, equipment manufacturing and other infrastructure to jointly increase PetroChina's Central Asia region. The development of oil (gas) pipeline construction projects will complement the local advantages of the two major industrial chains.