CNPC and CASC sign strategic cooperation agreement

China National Petroleum Corporation (CNPC) and China Aerospace Science and Technology Corporation (CASC) signed a strategic cooperation agreement in Beijing.
According to the agreement, CNPC and CASC will collaborate in petroleum and petrochemical equipment, information technology, energy conservation and environmental protection, and technical research and development, and explore new approaches and patterns for the integrative development of the aerospace industry and the oil industry.
Special attention will be given to the development of internet of things in oil and gas-related energy saving and environmental protection, oil and gas production and engineering technology, and to emergency communication, and enterprise informatization. The two sides will also reinforce the exchanges of key technologies, promote product R&D and industrial upgrading, and step up joint efforts in talent cultivation and information sharing.
Source: China National Petroleum Corporation
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