BEIJING (AFX-ASIA) – China’s largest oil group, state-owned China National Petroleum Corp (CNPC) has signed an initial agreement to buy 10 million tons of oil a year from Russian oil group AO Yukos Oil (YUKO.RU), the China Daily reported, citing sources close to the deal. The agreement, which will last for six or seven years,…
CHINA: CNPC inks 10 million tons/year oil purchase deal with Russia’s Yukos
Posted on February 12, 2004 by EnergyAsia