China National Petroleum Corporation
Kunlun Natural Gas Co., Ltd.
Xi’an Xilan Natural Gas Co.,
Ltd.
Strategic Cooperation Framework
Agreement
July 6, 2009
|
|
CNPC (China
National Petroleum Corporation) Kunlun Natural Gas Co., Ltd.
(“CNPC Kunlun”)
|
|
Party
B:
|
Xi’an
Xilan Natural Gas Co., Ltd. (“Xilan Natural
Gas”)
|
Party A has
accumulated rich experience in the investment and operation of
vehicular CNG projects, and has been authorized by CNPC to be in
charge of CNPC’s vehicular CNG business nationwide as well as
its LNG business in southern China, with advantages in upstream
natural gas supplies, funding, engineering, and human resources in
place;
Party B
possesses rich experience in urban natural gas and vehicular
natural gas investments and operations, and has established
advantages in the location, market, operation and development of
urban natural gas and vehicular fueling stations;
After equal
negotiations, Party A and B have reached the following agreement
(the “Agreement”) regarding strategic cooperation in
vehicular CNG business between both parties.
I. Overview of
cooperating parties
Party A is the
wholly owned subsidiary of CNPC (China National Petroleum
Corporation), and is designated by CNPC to specialize in vehicular
CNG business. Currently, it h