TAIWAN'S CPC PUSHES EXPANSION CAMPAIGN

Taiwan's oil industry is stepping up operations. Last year state owned Chinese Petroleum Corp. (CPC), Taipei, increased gas production by 13.1 MMcfd and signed three contracts for joint exploration ventures on acreage in East Kalimantan, Indonesia, Argentina, and off Viet Nam. CPC opened an LNG receiving terminal in Southwest Taiwan and resumed construction on a naphtha cracking plant, replacing two older ones at its Kaohsiung refinery. Work on the plant had been held up for more than 2

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