Tag Archives: China National Petroleum Corporation (CNPC)

The increased spending will push output in the Xinjiang Autonomous Region to more than 50 million tonnes of oil equivalent between 2018 and 2020.

CNPC has now a 30 percent stake. while Iranian company PetroPars holds the remaining 19.9 percent.

The Yamal LNG project operated by JSC Yamal LNG is a joint-venture with Russia'.s largest independent natural gas producer NOVATEK.

This week. Iran filed a lawsuit against the US in the International Court of Justice over the re-imposition of US sanctions

Nigeria remained the largest investment destination for CNOOC.

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

Agreement aims to increase production capacity from the Bu Haseer field from 8.000 bpd too 16.000 bpd.

ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.

The chemicals business is Aramco’s key strategy.

Venezuelan crudes are mainly used for asphalt production in China. the demand for which peaks over September-November.