On May 20 in Chongqing, a strategic cooperation agreement was inked between CNPC and Chongqing Municipal Government for the 13th Five Year Plan Period. PetroChina Vice President Tian Jinghui and Weng Jieming, Member of the Standing Committee of Chongqing Municipal Party Committee and Executive Vice Mayor of Chongqing signed the agreement on behalf of the two sides.
According to the agreement, CNPC and Chongqing Municipality Government will carry out comprehensive cooperation in shale gas exploration and development, natural gas chemical industrial development, pilot structural reform on oil and gas, and construction of oil and gas sales network and natural gas pipeline network, in an effort to enhance oil and gas supply, facilitate the economic transformation and upgrading, and support the stable economic development in Chongqing.
Prior to the signing of the agreement, CNPC Chairman Wang Yilin paid a visit to Sun Zhengcai, Member of the Political Bureau of the CPC Central Committee and Secretary of the Municipal Party Committee of Chongqing. They compared notes on deepening cooperation, securing oil and gas supply, and promoting the construction and development of related projects and businesses.