Special to WorldTribune.com ABU DHABI — China has been granted the right to produce and export oil from the United Arab Emirates. The state-owned China National Petroleum Corp. reached agreement to develop seven energy fields in the UAE emirate of Abu Dhabi. Under the accord, CNPC would be given a share of the UAE oil. […]
Special to WorldTribune.com CAIRO — China and Sudan have agreed to expand crude oil exploration. The two allies signed several agreements to explore for oil in the Arab state. Under the accords, signed last month, China would fund the exploration projects, expected to be conducted by the state-owned China National Petroleum Corp. Officials said China, […]
Special to WorldTribune.com Compiled by Miles Yu, Geostrategy-Direct.com The U.S. oil giant Exxon Mobil Corp has decided to sell its stakes in the West Qurna phase 1 oilfield in Iraq. Exxon will sell its stakes to Chinese state-run oil giant China National Petroleum Corp [CNPC], China’s official newspaper China Daily confirmed on Jan. 24. With […]
Special to WorldTribune.com ABU DHABI — China and the United Arab Emirates have signed a series of energy accords. The two Asian states signed energy cooperation agreements on Jan. 17 during the visit by Chinese Prime Minister Wen Jiabao. Under the agreements, the UAE’s state-owned Abu Dhabi National Oil Co. and the China National Petroleum […]