CHINA E&D ACTION ACCENTS REMOTE NORTHWEST

Halliburton Co., Dallas, has signed a letter of intent with China National Petroleum Corp. (CNPC) for a possible joint venture company to provide exploration and development services in Northwest China. The letter also calls for Halliburton to provide CNPC technical assistance for a prefeasibility study for a possible crude oil pipeline from western China to the eastern part of the country. Lack of infrastructure has been a major obstacle to expanded E&D in the remote Tarim and Turpan basins of

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