Investing in Venezuela
Source: Bloomberg News |
June 14, 2012, Thursday
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Print Edition
Print Edition
CHINA National Petroleum Corp will continue investing in upstream projects in Venezuela, where it plans to pump 800,000 barrels a day of oil by 2017, said Wang Dongjin, the company's vice president, yesterday.
CNPC now produces 200,000 barrels a day in the South American OPEC member state, he said in Vienna. Relations between CNPC and Venezuela's government are "much better than before," he said.
In Iraq, CNPC is producing 120,000 barrels a day at the Halfaya field and 140,000 barrels a day at the al Ahdab field, Wang said.
CNPC now produces 200,000 barrels a day in the South American OPEC member state, he said in Vienna. Relations between CNPC and Venezuela's government are "much better than before," he said.
In Iraq, CNPC is producing 120,000 barrels a day at the Halfaya field and 140,000 barrels a day at the al Ahdab field, Wang said.
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