Suez and CNOOC Sign Strategic Partnership

03/01/18 10:17 AM EST
   By Nathan Allen 

France's Suez SA (SEV.FR) said Thursday its Suez NWS subsidiary has signed a strategic partnership with CNOOC Ltd. (0883.HK) to pursue environmental projects in the oil and gas sector.

Under the terms of the agreement, Suez will provide environmental services to CNOOC's petrochemical assets and oilfield development projects in China and abroad, Suez said.

Suez NWS is a joint venture set up in July 2017 to work on the Hainan Dongfang chemical wastewater treatment plant. The Suez Group owns 50% of the shares, while Hong Kong's NWS Holdings Ltd. (0659.HK) holds the remaining stake.


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(END) Dow Jones Newswires

March 01, 2018 10:17 ET (15:17 GMT)

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