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CNPC Reaches Two Agreements with the Ministry of Petroleum & Mineral Resources of Syria

Source: www.gulfoilandgas.com 4/7/2008, Location: Middle East

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CNPC President Jiang Jiemin and the Minister of Petroleum & Mineral Resources of Syrian Arab Republic signed two agreements at Syrian Prime Minister House, namely the Refinery Cooperation Agreement Between Ministry of Petroleum & Mineral Resources of Syrian Arab Republic and CNPC International Ltd. and Framework Agreement in Petroleum Sector Between Ministry of Petroleum & Mineral Resources of Syrian Arab Republic and CNPC International Ltd.

According to the agreements, a joint venture will be established by CNPC and the Ministry of Petroleum & Mineral Resources of Syria to build a 5 Mt/a refinery in eastern Syria, meaning that Sino-Syrian petroleum cooperation will expand from the upstream sector to downstream sector. Jiang Jiemin had attended the interview between Li Changchun and Muhammed Naji al-Otari before the signing ceremony.

Jiang Jiemin had talked with the General Manager of Syrian Petroleum Company and the Minister of Petroleum & Mineral Resources on April 1 and April 2 respectively. The two sides exchanged views on strengthening and expanding cooperation in all oil and gas sectors. Assistant President Wang Dongjin and Li Runsheng presented at the interviews and the signing ceremony.

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