Welcome to in-en.com! AddFavorite    Make your home page    Chinese    English
 
Search:
 
Advertisement
Total
Greatwall Drilling Company (GWDC)
Weekly Article Rank
Home -> News Center -> Oil
China National Petroleum Agrees to Build Oil Refinery in Chad
in-en.com  2007-9-24 14:55:23  

- +

China National Petroleum Corp., the nation's largest oil producer, agreed to jointly develop an oil refinery with Chad as the world's second-largest energy user strengthens its links with the African country.

China National Petroleum signed an accord with the Chadian government on Sept. 20, the Beijing-based state oil company said in its online newsletter China Oil News today, without giving financial details.

Africa is attracting increasing investment from China's state oil companies as they intensify the search for oil and gas to supply the world's fastest-growing major economy. China aims to double its trade with Africa to $100 billion a year by 2010, President Hu Jintao said in November.

China National Petroleum will design and build the refinery north of the capital N'Djamena. Chad, which started oil production in 2003, has 13 oilfields and no refineries, the Chinese oil company said.

President Hu and his counterpart Idriss Deby witnessed the signing of the agreement in Beijing, it said.

China National Petroleum, parent of Hong Kong-listed PetroChina Co., made a commercial oil discovery during its first test drilling in Chad, it said July 30.

The state-owned oil and gas producer acquired seven sedimentary basins in Chad from Canada's Encana Corp. for about $202.5 million, Calgary-based Encana said Jan. 12.

 


 
Author:Bloomberg  From:Bloomberg  Edit:nicole
[Back] [Print]
Previous:Europe Energy Day Ahead: Oil Falls; UN Pushes Emissions CutsEurope
Next:Oil Falls a Second Day as Production Rises in Gulf of Mexico
Hot Topic of the Day
· PLN to turn more to gas and coal next year
· China Shenhua Group starts 3-day IPO price bidding
· INTERVIEW-China's Shanxi sees coal exports falling
· Coal India procurement policy set to change from n
· China's August coal imports jump 70 pct
· First China Int'l Coal and Energy Expo
· Rebuilding energy base
· Shenhua seeks huge share sale
· Crude Oil Nears Record as Saboteurs Attack Pipelin
· CNPC to import 30 bln cubic meters of natural gas
Advanced Control Systems
 
Commend Article Rank
· China to build Asia's largest coal chemical base t
· Prudential Buys Stake in U.K. Wind Power Owner Zep
· European Leaders Agree on Energy Plan
· Vietnam's coal exports up in first 2 months
· China Signs 350m-euro Contract with Alstom
· CTL plants proliferate as China taps vast coal res
· Leaders of five countries meet in Poland to discus
· Australia, Japan to Add Energy Security to Free Tr
· China sees balanced demand, supply of coal
· Russia to forge nuclear power cartel
About us | Contact | Copyright © 2007 IN-en.com. All rights reserved.