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BP, CNPC sign partnership deal on shale exploration

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/10/2015 (10:25)
According to a press release on the company’s website, BP and China National Petroleum Corporation (CNPC) signed a framework agreement on strategic cooperation regarding shale gas exploration and production in China’s Sichuan Basin. Through the new agreement, BP aims to add several billion dollars in future trade to their business with China.

Meanwhile, BP also inked a separate sale and purchase agreement deal with China Huadian Corp. to sell up to 1 million tons of liquefied natural gas (LNG) per year worth up to $10 billion over the next 20 years.
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