Hunan Province-based Chinese steelmaker Hengyang Valin Steel Tube, a subsidiary of Hunan Valin Iron & Steel Group Co. (ValinGroup), has announced that it has inked a strategic agreement with Chinese state-owned oil and gas company Sinopec Group.
Accordingly, the two sides will deepen their cooperation and establish a strategic partnership in the fields of well drilling, oil extraction, gas production, oil and gas transportation, refining and chemicals.