(EnergyAsia, November 22) — China National Petroleum Corp (CNPC) has signed a one-year term agreement to purchase 100,000 barrels/day of crude and 60,000 b/d of fuel oil from Venezuela’s state oil company PDVSA. Venezuelan President Hugo Chavez is looking to China as an alternative as his country seeks to diversify its export dependence on the…
CHINA: CNPC signs one-year crude and fuel oil purchase deals with Venezuela’s PDVSA
Posted on November 22, 2005 by EnergyAsia