Chinese companies have paid a total of more than $421 million for three of five oil and gas exploration blocks on offer in the Xinjiang Uygur Autonomous Region of northwestern China, reports Xinhua.
Chinese companies have paid a total of more than $421 million for three of five oil and gas exploration blocks on offer in the Xinjiang Uygur Autonomous Region of northwestern China, reports Xinhua (OGJ Online, Dec. 15, 2017).
The official press agency said seven companies submitted bids for the Tarim basin exploration rights.
It identified winning bidders as Shenergy Co. Ltd., Xinjiang Energy (Group) Co. Ltd., and Zhongman Petroleum & Natural Gas Group Corp. Ltd.