CPC in cooperation talks with Chinese oil firms

An expected warming of relations between mainland China and Taiwan following the May 20 inauguration of president-elect Ma Ying-jeou could lead to a resumption of cooperation between oil firms on the two sides of the straits.

May 5th, 2008

John Westbrook
OGJ correspondent

TAIPEI, May 5 -- An expected warming of relations between mainland China and Taiwan following the May 20 inauguration of president-elect Ma Ying-jeou could lead to a resumption of cooperation between oil firms on the two sides of the straits.

In anticipation of closer relations, CPC Corp. Taiwan chairman Pan Wen-yen recently visited China, where he called on officials of China National Offshore Oil Corp, China National Petroleum Corp., and China Petroleum & Chemical Corp. to discuss entering into partnerships. Pan's visit marks the first time in 6 years that CPC has attempted cooperation talks.

Pan also said CPC will apply with Taiwan's Mainland Affairs Council for permission to set up liaison offices in China.

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