Two leading Chinese groups have signed agreements with the National Petroleum Construction Company (NPCC), a part of the UAE's Senaat, to explore joint collaborative opportunities in both onshore and offshore oil and gas sectors, as well as other strategic areas of interest, sources reported.
China Petroleum Engineering & Construction Corporation (CPECC), affiliated to the China National Petroleum Corporation (CNPC) as well as the China National Chemical Engineering Company (CNCEC) signed separate memorandums of understandings (MoUs) with the NPCC at the ongoing 24th World Energy Congress in Abu Dhabi, UAE.
As per the agreement with the CPECC, the NPCC will explore potential opportunities to cooperate on projects that will create value for both companies and exchange information, data and insights, where relevant, for possible cooperation on future projects in the energy sector.
Through the MoU with the CNCEC, the two parties will conduct all-round cooperation on potential projects for the Abu Dhabi National Oil Company (Adnoc) and will explore opportunities for financing services on Adnoc projects in the Mena region, sources said.
Source:sxcoal
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