In Madrid on 1st of September an historic alliance is formalized for the next 10 years of business, between Spanish oil refinery group of AREVENCA and an import and export company belong to the giant multinational group AVIC-XAC Xi’an Aircraft Industry (Group) Company of the People’s Republic of China – by signing 3 commercial contracts with reference to sell and supply the European Union, United States of America and People’s Republic of China markets with billions of barrels of crude oil, aviation kerosene and other oil refinery fuels and products;

These opened contracts, in terms of business for the next 10 years, will have per 1 year a value equal 200 billions of U.S. dollars;

The contracts signed in Madrid by Mr. Francisco Javier Gonzalez Alvarez, President of AREVENCA International Oil Refinery Group and Mr. Martino Schiera, CEO for worldwide operations of the Import and Export Company of AVIC-XAC IEC Group – with the supervision of Mr. Wang Guoxing, CEO for China mainland operations of the group; - formalizing and representing a new business model of financial co-operation in oil industry and for the international market of fuels – formed between Spain, Europe and China; a successful result by the broker Mr. Abraham Reek in establishing a solid and strategic bridge between the giant Chinese multinational group and Spanish oil refinery international group;

The new partners established a strategic alliance in Madrid for trillions U.S. dollars of investment and financial operations – worldwide - in the sectors of infrastructures, public works, construction of dams, viaducts, tunnels, harbour, shipyards and dry docks, airports, expressways, railways; logistics, transport and freight; shipbuilding, cargo, container, oil tanker ships and oil rig supply vessels; green energy power plants, water-energy, wind-energy, solar-energy, energy and electric power distribution; crude oil and oil refinery industry, oil rigs, pipelines and terminals; ore deposits, mineral resources and mining industry; trade aircrafts to civil aviation companies and operate new airlines and flight companies; trade locomotives, rolling stocks and wagons; subway trains; high-speed trains; buses; trucks and heavy special-type vehicles; electric-buses and city electric-vehicles.

The partners agreed during the next 10 years of business operations, to incorporate new international investment trust corporations and new oil banking bodies.

All the contracts signed in Madrid will be operated internationally by HSBC group.