Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

CASPIAN

Chinese Companies Team Up For Offshore Caspian Project

China National Offshore Oil Corporation (CNOOC) has signed an agreement with Chinese National Petroleum Corporation (CNPC) and Kazakhstans KazMunaiGaz to work jointly in Kazakhstans offshore Caspian Darkhan block. The step is viewed as an indication that Chinese firms in future will combine their skills in order to expand their foreign assets. CNPC does not have the...