China signs new oil deal, deepening ties to Sudan

Article Abstract:

Indonesian state-owned gas and oil entity P.T. Pertamina and state-run China National Petroleum Corp. have signed a 20-year contract with the Sudan government to explore a Sudanese offshore oil block and share future oil production. The agreement raises concerns due to the humanitarian crisis that continues in Sudan's Darfur region.

Sudan, Political aspects, Indonesia, P.T. Pertamina

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Eni bolsters Libya ties as rivals circle

Article Abstract:

Italian petroleum firm Eni S.p.A. has announced plans to invest $28 bil over the next decade in exploration and production projects with Libya's National Oil Co. Eni will also pay NOC a $1 bil bonus for securing the deal. The move is aimed at preserving Eni's dominance in Libya's oil sector.

Foreign operations, Italy, Eni S.p.A., Libya, National Oil Corp. (Tripoli, Libya)

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CNPC to explore for oil and gas in Uzbekistan

Article Abstract:

China National Petroeum Corp. has won a license from Uzbekneftegas Corp. of Uzbekistan for oil and gas exploration. The license is for onshore development and the agreement was three years in negotiations.

Alliances, partnerships, Licensing/Sales Agreements, Licensing agreements, Company licensing agreement, Uzbekistan, Company overview, Uzbekneftegas Corp.

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