CNPC PARTNERS WITH NIPPON OIL CORP.
AsiaInfo Services, March, 2007
AsiaInfo Services 03-14-2007 CNPC Partners with Nippon Oil Corp. BEIJING, Mar 14, 2007 (SinoCast via COMTEX) -- Nippon Oil Corporation, the largest oil refiner of Japan, has recently signed a supply agreement with China's largest oil producer China National Petroleum Corp. (CNPC) about exchanging products with excessive capacity since this April. Nippon Oil will supply CNPC with propylene and other resin materials.
It will also refine 50,000 barrels of crude oil every day on behalf of CNPC. The Chinese giant accordingly will export 100,000 tons of liquefied natural gas to Japan before March of 2008. This agreement, actually, represents a new cooperation developed from oil export. The cooperation will also help consummate the energy allocation across the whole...
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