Strategic cooperation framework agreement was signed between BPEX and Huatong Investment Holdings Ltd (or “Huatong”) on November 4th, 2013.
BPEX will under the agreement support Huatong in conducting various businesses in China and in giving play to its regional and resources advantages in Saudi Arabia, Qatar and other Middle-East regions. The two parties will work together to develop spot trading on petroleum, fuel oil, natural gas and other petrochemicals, establish a cooperation platform of mutual trust and open convenient channels to bring in to China Middle-Eastern resources, thus building a framework of positive interaction between the Chinese petrochemical industry and its Middle-Eastern counterpart.
Present in the signing ceremony were Mr. Ke Yonguo, director of Beijing Municipal Financial Bureau, Mr. Wang Hongzhong, vice mayor of Mengtougou District, Mr. Chen Guocai, vice executive mayor of Mengtougou District, Mr. Zhang Mancang, vice mayor of Mengtougou District, Mr. Wu Ruchuan, chairman of the board of BPEX, Mr. Liu Shaobin, president of BPEX, Mr. Ou Donghao, executive director of Huatong and chief representative of Mr. Prince Bandar, Mr. Chen Long, chairman of the board of Middle-East Gulf (Beijing Information Consultancy Ltd and Mr. Su Ruibin, chairman of the board of Lafonte International Hotel, etc..