Thursday, June 9, 2011

China ups its energy cooperation

Platt’s: China will deepen its cooperation with Cuba in oil and gas, according to a framework agreement signed during the visit to Cuba of China’s vice president. China is working on the Cienfuegos refinery expansion project, its capital guaranteed by Venezuelan oil revenutes.

The announcement by the Chinese oil company CNPC covers lots of areas of cooperation, explicitly mentioning offshore operations.

(Pictured at right: a Chinese rig on Cuba’s north coast, east of Havana.)

No comments: