China Nat. Petr. Corp, Eni sign oil & gas agreement

China National Petroleum Corporation (CNPC) and Italian firm Eni signed a cooperation agreement on Wednesday to boost cooperation in oil and gas activities, Eni announced Wednesday.

According to the statement, the cooperation across the energy value chain includes exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals.

The partnership will pertain to both activities in China and overseas.

The signing took place in Rome at Eni's headquarters during a meeting between the Chairman of CNPC, Wang Yilin, and Eni's CEO, Claudio Descalzi.

By Gulsen Cagatay



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