(Beijing, May 30, 2005) - The Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) announces that China National Petroleum Corporation has been selected an official partner of the 2008 Beijing Games after the two parties sign an agreement today.

   The agreement entitles China National Petroleum Corporation (CNPC), China's largest producer and supplier of crude oil and natural gas, to provide funding and services to the Beijing Olympic Games, the Beijing Paralympic Games, BOCOG, the Chinese Olympic Committee and the Chinese sports delegations to the 2006 Winter Games in Torino, Italy and the 2008 Games in Beijing. CNC is the eighth company to join the elite club of the Beijing 2008 partners.

   The partnership agreement was signed by Wang Wei, BOCOG's executive vice-president and secretary general, and Duan Wende, vice president of CNPC and vice president of the listed PetroChina, at a high-profile ceremony at the Diaoyutai State Guesthouse. Liu Jingmin, vice mayor of Beijing and BOCOG's executive vice-president, and Chen Geng, president of CNPC and chairman of PetroChina, exchanged souvenirs after the document-signing session.

   "We are glad to see CNPC participating in the Beijing Olympic Games as an official partner in the category of crude oil and natural gas," Wang Wei said at the signing ceremony, witnessed by senior officials from the State-owned Assets Supervision and Administration Commission of the Chinese State Council, BOCOG, CNPC and representatives from the International Olympic Committee, China's General Administration of Sport and the Chinese Olympic Committee.

   "We believe CNPC's participation will not only further consolidate the material foundation for a successful Beijing Olympic Games, but will also actively promote the development of China's petroleum industry, boost the use of clean energy and ensure the sustainable, long-term development of the city," he said.

   Wang added BOCOG had set up a Beijing 2008 Partners Club and would sponsor a seminar for all the sponsors. All these efforts would help strengthen BOCOG's ties with the participating enterprises and facilitate them in getting more Olympics-related information and boosting exchanges and co-operations.

   "The Chinese people, including all employees of CNPC, are thrilled about this upcoming event, and are looking forward to making every contribution to the success of the Games," Vice President of CNPC and President of PetroChina Jiang Jiemin said in his remarks at the signing ceremony.

   Jiang pledges to integrate his corporation's mission of "Harmonizing Energy and the Environment" with BOCOG's theme of a "Green Olympics" and work closely with BOCOG to make the 2008 Games successful, the nation prosperous, and the group thriving.

   CNPC is one of the world's top 10 oil companies, ranking 52nd on Fortune's Global 500 list in 2004. In China, it is one of the leading companies in the energy sector. For years, CNPC has been the most profitable company in China, and a top contributor to the government's tax revenue.