China’s CNPC and COFCO to partner to boost sales network

BEIJING - Two of China’s largest State-owned enterprises, China National Petroleum Corp (CNPC) and China National Cereals, Oils and Foodstuffs Corp (COFCO) have signed a strategic partnership agreement to strengthen co-operation in their sales network. CNPC and COFCO will implement comprehensive co-operation in products, marketing, membership communication and public welfare as well as in new business based on a principle of resource sharing for mutual benefit.