CNPC expands in Ecuador
By Lyu Chang and Li Jiabao | China Daily | Updated: 2014-01-23 08:22
Nation's primary oil and gas producer acquires a 30% stake in refinery project
China National Petroleum Corp, the nation's largest oil and gas producer, will take a 30 percent stake in a refinery project in Ecuador, Jorge Glas, the South American country's vice-president, said on Wednesday.
CNPC, also known as PetroChina, will invest more than $10 billion to help finance the Pacifico oil refinery project, Glas said during an economic forum in Beijing.
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