China National Petroleum Corp (CNPC) has inked a deal to build a $3.29 billion oil pipeline in the United Arab Emirates (UAE), the company’s largest overseas construction project so far.
CNPC, the country’s largest oil and gas producer, signed the agreement with its UAE partner on Sunday. It will build a 400-km pipeline to Fujairah port [...]
China National Petroleum Corp (CNPC) yesterday said it had made six major oil and gas discoveries this year, as the company has put increasing focus on exploration.
The amount of this year’s newly proved oil reserves will rank the third highest in the company’s history, and the newly discovered natural gas reserves are expected to exceed [...]
China National Petroleum Corp (CNPC), parent of PetroChina<601857><857>, expected its newly-added oil reserves to hit record in 2008, thanks to new discoveries on oil and gas deposits, sources reported.
This would be the third consecutive year that CNPC sees a robust growth in newly-added oil reserves, according to a statement released by CNPC, without giving a [...]
PetroChina<601857><857>, the nation’s top oil producer, has commenced developing its Yuedong block in Bohai Bay, according to its parent China National Petroleum Corp (CNPC).
Located in shallow water near the Liaoning Province, the block is part of the Liaohe oilfield and abundant in reserves of heavy oil. It is designed to have an annual output of [...]
A delegation chaired by vice presidents of Russia’s largest oil manufacturer Rosneft and oil pipeline operator Transneft has arrived in Beijing earlier this week and will enter the final round of talks with China on the US$25 billion worth of oil loan scheme, the Xinhua News Agency reported on Tuesday.
Meanwhile, Russian Vice Premier Igor Sechin [...]
China National Petroleum Corporation (CNPC), parent of the country’s largest oil and gas producer PetroChina<601857><857>, will team up with Myanmar Oil and Gas Enterprise to jointly invest in the Myanmar pipeline project valued at US$2.5 billion, sources reported.
CNPC will hold 50.9% stake in the project, while Myanmar Oil and Gas Enterprise will own the remaining. [...]
