Repsol Chairman Antonio Brufau and Sinopec Chairman Su Shulin in Madrid presided over the first joint meeting at the top corporate level between both companies following the agreements reached in Brazil.

At the meeting, both chairmen agreed to create working groups to analyse new business opportunities worldwide.

Both Brufau and Shulin expressed their desire that the Repsol-Sinopec alliance goes beyond the agreement in Brazil.

Repsol Chairman Antonio Brufau said, 'There are significant synergies between Repsol and Sinopec, and the relationship between both companies is ideal to continue reinforcing our alliance worldwide in new business areas.'

Sinopec Chairman Su Shulin commented, 'The successful co-operation between Sinopec and Repsol reflects the shared desire of both companies to start a long-term and extensive partnership. We are committed to making every effort to consolidate and develop this relationship with Repsol in the future.'

Tags: Repsol, Sinopec