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  1. CITIC Completes Purchase Of Nations Energy Kazakh Assets

    ...shore blocks in Uzbekistan, China’s Ministry of Commerce said on 29 December. The license was awarded to CNPC’s China National Oil & Gas Exploration and Development Corporation on 22 December. The company will invest some $200mn to drill 27 wells in an exploration area covering 3.4 sq km by 2011...

    Volume: 50
    Issue: 01/02
    Published at Mon, 08 Jan 2007

  2. Chinese Firm, Egyptian Companies Form Joint Venture For Rig Construction 

    ...e partners are to each hold 25%. A construction schedule for the company calls for three rigs to be built in 2007, eight in 2008, 10 in 2009, 15 in 2010 and 20 in 2011. The rigs are to be used in Egypt and throughout the Middle East and Africa. Egyptian Minister of Petroleum Sameh Fahmy first di...

    Volume: 50
    Issue: 01/02
    Published at Mon, 08 Jan 2007