(Source: Info-Prod Research (Middle East))According to ANBA: On December 26, China National Offshore Oil Corporation (CNOOC) and CPC Corporation, Taiwan (Taiwan CPC) signed four agreements in Beijing, and thereafter bilateral petroleum circles will together conduct offshore oil development in future. It was reported among the four agreements, the content of the letter of cooperation intention includes that both sides will join hands to conduct overseas development and exploration, jointly cooperate to realize cooperation in common interesting overseas projects by means of bid or transfer of rights and benefits and simultaneously cooperate in such aspects as natural gas market development, crude oil generation, crude oil and product oil trade.

Originally published by Info-Prod Strategic Business Information.

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