CNPC Advances Businesses      

On February 25, CNPC (China National Petroleum Corporation) and Agricultural Bank of China Co., Ltd. inked a strategic framework agreement on comprehensive cooperation in terms of comprehensive credit extension, foreign currency funding and capital settlement.
    On February 24, CNPC signed strategic cooperation agreements on purchase and sales of synthetic rubber with five major domestic chemical enterprises.
   The oil giant, also the largest synthetic rubber manufacturer in China, currently produces 550 thousand tons of synthetic rubber per year, and expects to produce 1.23 million tons in 2012.
   CNPC's synthetic rubber products include emulsion polymerized styrene butadiene rubber (ESBR), solution polymerized styrene-butadiene rubber (SSBR), nickel catalyzed butadiene rubber, nitrile butadiene rubber (NBR) and SBS, as well as rare-earth polybutadiene rubber and ethylene propylene rubber (EPR).