China's CNPC invests in oil refinery in Chad Beijing (AFP) Oct 6, 2007 China's largest oil producer, China National Petroleum Corp (CNPC), has agreed to invest in a joint venture oil refinery near the capital of Chad, state media reported Saturday. A subsidiary of CNPC, the CNPC Service and Engineering Ltd, has signed an agreement with the central African country's government to jointly invest in a refinery company to the north of the capital N'Djamena, Xinhua news agency reported, quoting a company announcement. The CNPC subsidiary will take charge of the construction and will use Chinese design, manufacturing standards and equipment in the refinery, the report said. CNPC did not give financial details of the investment nor did it indicate when the project will start. Chad has 13 oilfields but imports all its refined oil products, the company said earlier. Chad, which has a population of about 9.8 million, is an increasingly important oil exporter, while China is building a major presence in Africa, particularly aiming to guarantee supplies of oil and other commodities for its booming economy. Since its first cooperation on oil exploration with Sudan in 1996, China had invested in 27 major oil and natural gas projects in 14 African countries by the end of 2005 including Sudan, Algeria, Angola and Nigeria, Xinhua said. Community Email This Article Comment On This Article Related Links Powering The World in the 21st Century at Energy-Daily.com
China to raise coal output, open 'super' mines Beijing (AFP) Oct 5, 2007 Energy-starved China will boost coal output by 400 million tonnes a year by 2010 by streamlining the industry and opening a string of new "super" pits, state media reported Friday. |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |