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CNOOC and PETRONAS Sign a Memorandum of Understanding for Strategic Collaboration



Time:2021-03-15 Size:[ Large Medium Small ]
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On March 15, CNOOC announced that it had signed a Memorandum of Understanding for strategic collaboration with Petroliam Nasional Berhad (PETRONAS) at a virtual ceremony.

Under the framework of the MoU, CNOOC and PETRONAS pursue to extend the partnership from primarily LNG trading and upstream projects to the whole value chain, targeting at opportunities for E & P in key strategic areas, LNG supply and procurement, LNG infrastructure investment, LNG bunkering, renewable energy, specialty chemicals, lubricants, oilfield and engineering services, etc.  

CNOOC President Li Yong and PETRONAS Executive Vice President and Chief Executive Officer of Gas and New Energy, Adnan Zainal Abidin, attended the virtual ceremony. The MoU was signed by CNOOC Vice President Huo Jian and PETRONAS Senior Vice President of Corporate Strategy, Mazuin Ismail, on behalf of both companies respectively. 

Li Yong said, “CNOOC has always adhered to the win-win cooperation concept and international development strategy. CNOOC and PETRONAS have built up mutual trust and a strong bond during the long-standing cooperation. A strengthened strategic partnership in energy solutions is in line with the interests of both CNOOC and PETRONAS, and is conducive to the mutual growth of both sides.”

Adnan Zainal Abidin said, “PETRONAS is proud to elevate our partnership with CNOOC that began back in 2006. Guided by our mutual interests, we are confident that this partnership will contribute positively to the security and sustainability of the energy industry.”



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