Relationship between PetroChina and BAIC Group

The relationship between PetroChina and BAIC Group is cooperative. According to the relevant public information, on June 12, on the occasion of the grand opening of the 3rd South Asia Expo and the 23rd China Kunming Import and Export Fair, China Petroleum Yunnan Sales Branch signed a contract with BAIC Ruili Group Co., Ltd., which is a great event for PetroChina and BAIC, and also a great event for Yunnan Province, especially Dehong Prefecture. China Petroleum Yunnan Sales Branch and Beiqi Ruili Group Co., Ltd. operate in accordance with the OME model, that is, jointly establish vehicle services such as vehicle marketing and the establishment of 3S stores. The two sides "carry out business while promoting equity cooperation" and carry out comprehensive cooperation in refined oil, natural gas, lubricants, chemical products, gas station construction and operation management. China Petroleum Yunnan Sales Branch and Beiqi Ruili Group Co., Ltd. held a signing ceremony, which marked that the two companies formally reached a strategic cooperation, realizing strong alliance, resource sharing, complementary advantages and win-win cooperation.