According to news publication Thomson Reuters , CNPC
raised output at the oilfield's block 5,992kmA production to 2.6m tonnes in 2018 and 1.3m tonnes in the first half of this year using technology such as horizontal water injection, which is widely applied in China.
has advanced geothermal development technology and rich experience in geothermal resources development.
They said that OGDCL had sent CNPC
a limited tender for procurement of two rental rigs and this tender was only sent to CNPC
and Deutag Drilling, while approval was given to CNPC
only and Deutag was declared technically disqualified.
They said that at the end of this contract term, CNPC
had allegedly tried to influence OGDCL Drilling Department for mobilization of its rigs.
The export gas pipelines operated by CNPC
have consistently maintained high performance during 2017.
Reuters quoted three unnamed Chinese state oil executives as saying CNPC
suspended investment in Iran's South Pars natural gas project in response to US pressure and to minimize tensions amid trade talks between Beijing and Washington.
is 100% owned by China's State-owned Assets Supervision and Administration Commission of the State Council (Central SASAC), and its ratings are capped by those of the China sovereign (A+/Stable) under Fitch's Government-Related Entities (GRE) Rating Criteria.
The agreement, which was signed by Dr Sultan bin Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, and Wang Yilin, chairman of CNPC
, builds on the existing partnership between Adnoc and CNPC
As part of the deal, Abu Dhabi National Oil Company (Adnoc) and China National Petroleum Corporation (CNPC
) will explore upstream and downstream business opportunities.
Under a 40-year agreement, CNPC
, through its majority-owned listed subsidiary PetroChina, was granted a 10 per cent interest in the Umm Shaif and Nasr concession and a 10 per cent interest in the Lower Zakum concession.
As per the terms of the deal, CNPC
through its subsidiary PetroChina has been given a 10% interest in the Umm Shaif and Nasr concession and a 10% interest in the Lower Zakum concession.
Under the terms of the agreements, CNPC
, through its majority-owned listed subsidiary PetroChina, has been granted a 10 per cent interest in the Umm Shaif and Nasr concession and a 10 per cent interest in the Lower Zakum concession.