Deepening cooperation between China Petroleum and State Grid.

According to China Petroleum Daily, on July 23, the signing ceremony for the capital increase and share expansion of State Grid Xin Yuan Holdings Limited was held in Beijing. Dai Houliang, Chairman and Party Secretary of China National Petroleum Corporation, stated that China Petroleum and State Grid have a shared responsibility and mission in ensuring national energy security. Both sides have their own advantages and strong complementary strengths, and have established a long-term and stable friendly cooperation relationship in promoting the efficient development and utilization of clean energy, and promoting the development of emerging industries. This signing will further deepen practical cooperation between the two parties, and is of great significance for promoting the construction of new power systems, building a clean, low-carbon, safe and efficient new energy system.