OPPORTUNITIES, PROBLEMS SEEN IN CHINA'S REMOTE TARIM BASIN

China's offering of onshore blocks in the vast Tarim basin for competitive bidding by foreign firms has created "significant opportunities" for international oil companies, says a U.S. oil company spokesman. Since announcing the opening of the Southeast Tarim basin to participation by foreign firms in February (OGJ, Feb. 22, Newsletter), "response has been very strong," said Wang Tao, president of China National Petroleum Corp. (CNPC).

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