CNPC mul Diaphragm Valve ls purchase of Kazakh oil asset, construction of pipeline

CNPC mul Diaphragm Valve ls purchase of Kazakh oil asset, construction of pipeline
Diaphragm Valve chaussures en ligne Zoekmachine optimalisatie Tenues Sexy all aluminum alloy conductor ball valve manufacturer rs account bottes compensées maillots de bain pas cher hdmi to component cheapest hockey jerseys robe pas chère cheap coach bags pipette rayban sunglass cheap soccer jerseys Study Mandarin Chinese ball valve manufacturer Wholesale Dog Clothes everbuying scam
CNPC mulls purchase of Kazakh oil asset, construction of pipelinePublished: 09 Mar 2009 18:39:00 PST

Mar. 9, 2009 (China Knowledge) - China National Petroleum Corporation (CNPC), China's largest integrated oil and gas company, is in talks with Kazakhstan to purchase an oil asset and plans to build a pipeline worth nearly RMB 10 billion to the Russian border, sources reported.

It is still a mystery whether the acquisition will be made by CNPC or its subsidiary, PetroChina<601857><857><PTR>.

Jiang Jiemin, the president of CNPC, said that this year PetroChina would start to build an oil pipeline with an annual capacity of 15 million tons from China's Daqing oilfield to the Russian border.

CNPC is busy acquiring assets overseas, taking advantage of low international oil prices, and has decided to spend HK$3.02 billion to buy Canada-listed Verenex Energy, Jiang added.

In addition, CNPC will sell to Hong Kong-headquartered CLP Holdings Ltd<2>, one of the largest investor-owned power businesses in Asia, 1 billion cubic meters of natural gas and 1 million tons of liquefied natural gas (LNG) a year, according to the president.

Copyright © 2009 www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today:

To access our page on Bloomberg, type CKFI

Related TopicsChina News

Waterproof socks 风淋室 CFD ショッピング枠 現金化 比較 搅拌机 blister packing machinery 净化工程