TO, 30% by Indonesia's state oil company Petronas, and 40% by China's state CNPC.
The following month, Rosneft struck a deal with CNPC, giving it access to Arctic resources.
The proceeds would be used in part to support CNPC's global exploration and exploitation activities.
As you are already aware, CNPC is the largest investor and partner in GNPOC.
Another chunk went to big foreign oil companies: Britain's BP, CNPC of China and Petronas of Malaysia have all bought stakes.
There is no question that this will significantly increase CNPC's access to financing that would otherwise be unavailable to fund its foreign operations.
Royal Dutch Shell said it has signed its first-ever production sharing contract for shale gas in China with state-owned China National Petroleum Corporation (CNPC).
In turn, CNPC is a Chinese government company and the largest shareholder (40%) in the Sudanese government's oil joint venture, the Greater Nile Petroleum Operating Company (GNPOC).
PetroChina is China's most significant oil concern and is primarily owned jointly by the People's Republic of China and its largest state-owned energy enterprise, China National Petroleum Company (CNPC).
Moreover, in the case of Syria, China is winning not only new oil business for CNPC and SINOPEC but also an economic foothold for China in the E.
In fact, investors have begun to vote with their feet on a major partner of CNPC in Sudan's principal oil consortium -- Canada's largest private petroleum firm, Talisman Energy, Inc.
CENTERFORSECURITYPOLICY: The Bloom Comes Off the Rose of 'China, Inc.'
China, too, is eager to get in, with state controlled CNPC vying to purchase Canadian minnow Verenex, which has found 2 billion barrels of oil and gas in Libya's Ghadames basin.
As you are aware, PetroChina is a subsidiary largely owned by the China National Petroleum Corporation (CNPC), which is itself a state-owned entity controlled by the government of the People's Republic of China (PRC).
Then in a surprise move in August CNPC snatched from under the noses of the favored U.S. giants the rights to negotiate with the Kazak government the rehabilitation and exploitation of Uzen field near the Caspian coast.
Therefore, the direct transfer of funds and assumption of old CNPC debt will significantly and materially aid CNPC in that it will now be able to use its current or future revenues to finance its foreign operations.
"Shell will apply its advanced technology, operational expertise and global experience in the project to jointly develop the shale gas resources with CNPC, " the Anglo-Dutch firm said in a release on its website on 20 March, without giving any further details.
In her remarks, CNPC president said she was very pleased to see the prima ballerina assoluta's interpretation capacity and the Cuban National Ballet's peculiar way of approaching the safeguarding of the cultural heritage of the country and the rest of the world.
The president of CNPC also mentioned that Cuba, by virtue of a resolution of the Minister of Culture, created in 2004 the Commission for the Safeguarding of the Intangible Cultural Heritage, which proofs the importance the country grants to the protection of these manifestations of identity.
In June, China National Petroleum Corp. (CNPC) won a 60% stake in the privatization of Aktyubinsk (see map next page) in Kazakstan's northwest, a deal that got it two major fields -- Zhanazhol with reserves of 1 billion barrels and Kenkayak with 300 million.
In February, the heads of China's three state-controlled oil and gas majors -- China National Petroleum Corp (CNPC), Sinopec and China National Offshore Oil Corp (CNOOC) -- met one of Russia's most influential players in the energy sector, Igor Sechin, chief executive of state-owned oil company Rosneft.
The consent was sought at a warm meeting held at the Guanayabo Cultural Centre, which was attended by specialists of the National Cultural Heritage Council (CNPC) and of local Houses of Culture, as well as by representatives of the UNESCO Regional Office for Culture in Latin America and the Caribbean.
UNESCO: Culture Sector - Intangible Heritage - 2003 Convention
" In addition, CNPC will receive an undisclosed amount of funding and will use those funds to repay an unspecified amount of "borrowings" (the underlying activities which these borrowings funded is also unknown), and to "fund the employee retraining and severance plans established in connection with the restructuring of the CNPC group.
It was convened by the UNESCO Regional Office for Culture in Latin America and the Caribbean at its headquarters in coordination with senior representatives of the Office of the City Historian (OHC), the National Cultural Heritage Council (CNPC), and the Cuban Committee "Memory of the World" under the umbrella of the Cuban National Commission for UNESCO.
应用推荐