First batch of overseas oil for China

Sep 16, 1997 02:00 AM

The first ever batch of overseas Chinese-drilled oil arrived on Sept. 15 in the north-eastern port of Qinhuangdao. The landmark shipment from Peru was carried by the 60,000-tonne tanker 'Liuhe' which docked at Qinhunagdao in Hebei province on Monday Sept. 15.
The oil came from the Talara field in north-western Peru, where the China National Petroleum Corp. (CNPC) runs a co-operative project with a Peruvian firm. The field produces some 4,000 barrels of crude oil daily.
CNPC began overseas operations in 1992, launching low-risk projects in Peru, Canada, Papua New Guinea, Thailand and the Sudan.
So far, CNPC has participated in six petroleum projects in Peru, Sudan, Kazakhstan and Venezuela, from which it is expected to share 12 million tonnes of crude oil by 2000.

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