No 16



Sinopec And NIGEC In Talks Over LNG Purchase/Iranian Oil Development Deal

Chinas Sinopec is negotiating with the National Iranian Gas Export Company (NIGEC) for a deal in which it would import LNG in return for rights to pursue oilfield developments in Iran. AChina Daily newspaper report of 12 April quoted Iranian Vice-President Mohammad Sattarifar as saying that Sinopec was in talks with NIGEC over the import of 5mn tons/year of LNG in return for access to a...