Sunday, July 1, 2007

China's CNPC signs exploration agreement with Sudan

(Reuters) - China's top state-run energy group, China National Petroleum Corp. (CNPC), has signed an agreement with the Sudanese government to prospect for oil and gas in Sudan's northern territory, a local newspaper said on Monday.

Under the agreement, CNPC would have exploration rights to 13 oil blocks located in the northern coast of the Red Sea. The fields have a total acreage of about 3.8 square kilometres, China Petroleum Daily reported.


Read more at Reuters Africa

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