Eric Watkins
Senior Correspondent
LOS ANGELES, Oct. 9 -- China National Petroleum Corp. subsidiary CNPC Service & Engineering Ltd. has signed an agreement with the government of Chad for joint investment in a refinery north of N'Djamena.
The CNPC unit will oversee all engineering construction and will adopt Chinese design specifications, manufacturing standards, and mechanical equipment. No details of timetables, costs, or construction were announced.
In January, CNCP International (Chad) Ltd., also a CNPC subsidiary, bought EnCana Corp.'s exploration assets in Chad for $202.5 million (OGJ Online, Jan. 15, 2007).
Contact Eric Watkins at [email protected].