Oil downgrade: PetroChina find loses its sheen

Article Abstract:

The Nanpu oil discovery made by PetroChina Company Ltd. has been certified by the Ministry of Land and Resources as having only half of the recoverable oil reserves than the figure analysts had calculated. While the Nanpu block has 445 mil tons of proven reserves, the recoverable reserves, the amount believed possible to bring to the surface, is estimated to be only 86.6 mil tons, or 632 mil barrels. Original estimates placed recoverables at 1.2 bil barrels.

Capacity, Oil fields, PTR, PetroChina Company Ltd.

---

China, Iran near gas deal: CNOOC would lock in enough LNG to feed 3 import terminals

Article Abstract:

The National Iranian Oil Co. is working out an agreement with China National Offshore Oil Corp. to provide liquefied natural gas supplies totaling 10 mil metric tons for CNOOC's new or upgraded LNG terminals.

Goods & services distribution, Alliances, partnerships, Channels of Distribution, Iran, China National Offshore Oil Corp., Distribution agreements, National Iranian Oil Co.

---

Similar abstracts:

• Abstracts: Independent thinking: classic hits have been replaced by an indie vibe as the soundtrack of choice for TV ads
• Abstracts: India must face its SEZ reality. China should also invest more. India's foundation for growth
• Abstracts: China bars factories' toy exports amid crackdown. China, Turkmenistan sign gas deals
• Abstracts: Siemens swings to net loss on tax expense from VDO sale. BMW, Daimler buck trend of falling auto registrations
• Abstracts: EU launches initiative for greener airplanes: 'clean sky' program would help aviation reduce pollution. Mitsubishi Heavy gets set to build passenger planes

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.