October 12, 2008

Tangshan Jianglong inks cooperation agreement with Sinopec

It is reported that Tangshan Jianlong Steel Company signed strategic cooperation agreement with Sinopec Hebei Tangshan Petroleum Branch on March 13th 2008.

Sinopec Tangshan Petroleum Branch is the largest oil products distribution base in Tangshan and the sales volume of diesel oil takes over 80% in total quantity in Tangshan. The agreement would maintain long term stable supply of diesel oil to Jianlong Steel Company and steady price, which could help the company effectively resist market risks.

Mr Xutao vice general manager of Jianlong Steel indicated that the signing of strategic cooperation agreement means the cooperation between the two sides will enter into deeper areas.