Marine Link
Monday, September 26, 2016

CNOOC, COSCO team up to Exploit Energy Resources

September 24, 2007

China National Offshore Oil Company Limited (CNOOC (CEO)) signed an agreement to jointly exploit energy resources including liquid natural gas (LNG) with China Ocean Shipping (Group) Company (COSCO Group), China's largest shipping group. The parties agreed to transferring CNOOC shares to COSCO Group or co-funding The two companies will also cooperate on ship-building. [source: Xinhuga English]


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

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