http://www.forbes.com/business/feeds/afx/2006/12/27/afx3285005.html
AFX News Limited China's CNPC unit wins oil and gas exploration license in Uzbekistan 12.27.06, 10:25 PM ET BEIJING (XFN-ASIA) - China National Petroleum Corp, the country's largest oil and gas producer, said its wholly-owned unit China National Oil and Gas Exploration and Development Corp (CNODC), has secured a license from state-owned Uzbekneftegaz to undertake oil and gas exploration in Uzbekistan. CNPC said in a statement posted on the website of Ministry of Commerce that CNODC will undertake wildcat oil and gas exploration on five blocks with the agreement running from Dec 22, 2006 to Dec 21, 2011. Operations will actually start on April 2007. The five blocks are in the Ustyurt Bukhara-Khiva and Farg'ona basins, it said. In June 2004, CNPC signed an agreement with Uzbekneftegaz to boost cooperation in the oil and gas sector. Under the agreement, CNPC plans to invest over 200 mln usd to drill 15 wells in Uzbekistan within five years. CNPC and Uzbekneftegaz will sign a new agreement to set up 50-50 joint venture after commercial viability is established, it added. Uzbekistan is central Asia's second biggest natural gas producer after Turkmenistan. CNPC is the parent of Hong Kong-listed PetroChina Co Ltd (nyse: PTR - news - people ) ( HK 0857). [EMAIL PROTECTED] +++ -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
