Chinas CNPC To Purchase Delta Hess Shares In Onshore Kursangi-Garabagli Field
The China National Petroleum Corporation (CNPC) is to purchase a further 20% stake in Salyan Oil, which owns the concession for Azerbaijans onshore Kursangi-Garabagli oilfield, from Delta Hess. CNPC became operator of Salyan Oil earlier this year when it acquired 30% in the company from the European Bank for Reconstruction and Development (EBRD) for $52mn (MEES, 14 January). Delta...
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