Eni inks oil deal with CNPC

China Daily (USA) - - BUSINESS -

Eni signed a co­op­er­a­tion agree­ment with China Na­tional Petroleum Corp on Wed­nes­day in a move that could give the Ital­ian oil ma­jor greater ac­cess to the Chi­nese mar­ket. Eni said in a state­ment it had agreed to work with State-owned CNPC in the fields of ex­plo­ration and pro­duc­tion, liq­ue­fied nat­u­ral gas, trad­ing and refin­ing-petro­chem­i­cals. The deal will cover op­er­a­tions in China and abroad. “It could al­low Eni to tap Chi­nese re­sources while al­low­ing CNPC to use Eni skills to de­velop its as­sets round the world,” one London-based oil an­a­lyst said.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.