China Will Begin Searching for Oil and Gas at a Depth of 10 km
China is creating a new organization that will unite national oil producers and other state-owned companies to search for ultra-deep oil and gas reserves, as well as the production of other hard-to-recover reserves, CNPC said, whose statement was cited by Reuters. This is in response to President Xi Jinping’s call …
NOVATEK and the Silk Road Fund Conclude Framework Agreement on Acquisition of Stake in Yamal LNG
Today, in the presence of the President of Russian Federation Vladimir Putin and the President of People’s Republic of China Xi Jinping, OAO NOVATEK (“NOVATEK”) and China’s Silk Road Fund (“SRF”) concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project …
Gazprom and CNPC Sign Heads of Agreement for Gas Supply Via Western Route
The Gazprom Management Committee Chairman Alexey Miller and the CNPC Vice President Wang Dongjin signed today in Moscow the Heads of Agreement for pipeline gas supply from Russia to China via the western route. Inked in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping, the document outlines the main technical and commercial parameters of the …