OREANDA-NEWS. December 28, 2011. Under the environment of the global market competition, Ansteel Group Corporation and China National Offshore Oil Corporation (CNOOC), two central enterprises as the leaders in their respective fields, entered into an alliance. Both sides will carry on the all-around strategic cooperation, sharing market benefits and avoiding market risks, improving competitive advantage in the industrial chain and promoting the win-win and common development.

On the principle of the “Equality and Mutual Trust, Risk and Interest Sharing, Mutual Benefit and Common Development”, both sides are willing to build a long-term, stable strategic cooperation partnership and give full play to their respective advantages and carry on the wider exchange and cooperation in the resources and markets, technology development and application, information sharing, business and logistics management, etc. Both sides also decided to shape the periodic meeting system of their top management for discussing together on the major matters in their cooperation.