BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.74 Increased By ▲ 0.05 (0.65%)
BECO 5.29 Decreased By ▼ -0.02 (-0.38%)
BML 60.01 Decreased By ▼ -1.22 (-1.99%)
BOP 36.46 Increased By ▲ 0.46 (1.28%)
CNERGY 11.94 Increased By ▲ 0.69 (6.13%)
CSIL 6.17 No Change ▼ 0.00 (0%)
FCCL 57.36 Increased By ▲ 0.48 (0.84%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Decreased By ▼ -0.10 (-1.35%)
KOSM 6.05 No Change ▼ 0.00 (0%)
LOTCHEM 27.14 Decreased By ▼ -0.06 (-0.22%)
MLCF 102.07 Decreased By ▼ -1.02 (-0.99%)
NBP 206.35 Decreased By ▼ -1.28 (-0.62%)
NCPL 62.62 Increased By ▲ 0.70 (1.13%)
NPL 71.98 Decreased By ▼ -0.20 (-0.28%)
OGDC 319.19 Increased By ▲ 0.70 (0.22%)
PACE 11.38 Increased By ▲ 0.32 (2.89%)
PAEL 43.88 Decreased By ▼ -0.50 (-1.13%)
PIBTL 16.84 Decreased By ▼ -0.06 (-0.36%)
PPL 221.55 Decreased By ▼ -0.93 (-0.42%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.41 Decreased By ▼ -0.75 (-1.03%)
SSGC 27.28 Increased By ▲ 0.03 (0.11%)
TBL 9.86 Decreased By ▼ -0.02 (-0.2%)
TELE 8.62 Decreased By ▼ -0.19 (-2.16%)
TPL 20.68 Increased By ▲ 0.34 (1.67%)
TPLP 14.98 Increased By ▲ 0.01 (0.07%)
TREET 24.10 No Change ▼ 0.00 (0%)
TRG 63.29 Increased By ▲ 0.92 (1.48%)
Markets

China's CNPC to boost oil cooperation with Sudan

BEIJING : China top oil producer said Wednesday it had agreed to further develop oil cooperation with Sudan during a
Published Updated

BeijingBEIJING: China top oil producer said Wednesday it had agreed to further develop oil cooperation with Sudan during a visit by the African country's leader, Omar al-Bashir.

Jiang Jiemin, president of National Petroleum Corp (CNPC), signed a memorandum of understanding with Sudan's minister of state for oil, Ali Ahmed Osman, to "deepen cooperation in the oil and gas field", the company said.

The agreement was signed at CNPC headquarters in Beijing in the presence of Bashir on Tuesday, the first day of his official visit to China, it said in a statement. It gave no further details.

Sudan is China's sixth largest source of overseas oil and accounts for more than five percent of crude imports in the world's second-biggest economy, the China Business News said Wednesday, citing official data.

Bashir is wanted by the International Criminal Court (ICC) on genocide charges -- the first sitting head of state to be served an ICC arrest warrant.

China nevertheless remains an unabashed supporter of the Sudanese leader and has defended its invitation for Bashir to visit Beijing, with foreign ministry spokesman Hong Lei saying Tuesday the visit is "quite reasonable".

Beijing is the biggest buyer of the country's oil, although the majority of Sudan's oil fields are located in the south, which will become independent on July 9.

 

Copyright APP (Associated Press of Pakistan), 2011

 

 

Copyright AFP (Agence France-Presse), 2011

 

Comments

Comments are closed for this article.