VOL. XLVI

No 26

30-June-2003

CASPIAN

Chinas CNPC Discovers Oil In Azerbaijans Onshore Gobustan Field

Chinas state-owned China National Petroleum Corp (CNPC) announced on 19 June that it had discovered oil in previously untapped areas of Azerbaijans onshore Gobustan oilfield, adding that the discovery had encouraged it to go ahead with another seven exploration wells. CNPC holds 63% of Commonwealth Gobustan, which operates the Southwest Gobustan concession in Azerbaijan. The state-owned...