CNPC and CUPET ink cooperation agreements
On July 22 in Havana, Capital of Cuba, in the presence of Chinese
President Xi Jinping and Cuban President Raul Castro, CNPC Vice
President Wang Dongjin and General Director of CUPET Juan Torres Naranjo
signed a framework agreement on increasing crude output and production
sharing, and a cooperation agreement on drilling services.
Under the agreements, CNPC will help CUPET to lower operation cost of
some existing oilfields and enhance the crude production and recovery,
and meanwhile provide 9,000m drilling rigs and supporting services to
facilitate the exploration and development of Cuba's offshore oilfields.
Source: CNPC and CUPET ink cooperation agreements -