News@ChinabyNumbers

China and Iran have signed a US$1.76 billion deal to design Iran’s North Azadegan oilfield, according to Iran’s state news agency. The project will be jointly developed by China National Petroleum Corp (CNPC) and National Iranian Oil Co. China’s foreign ministry spokeswoman Jiang Yu said the two countries have a normal working relationship on energy [...]

China’s largest oil company, China National Petroleum Corporation (CNPC), will jointly develop an oilfield in Uzbekistan with that country’s state oil company. The field has oil reserves of more than 30 million tons, and is expected to have an annual capacity of 2 million tons, CNPC said. The Chinese company said the agreement will help [...]