China’s CNPC Looks To Revive Oil Projects In Venezuela ...Middle East

The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry. According to a Bloomberg report citing unnamed sources familiar with the matter, CNPC is sending engineers and other staff to Venezuela and talking to local companies for maintenance operations at an oil-blending plant that the Chinese company operates together with PDVSA. The Bloomberg sources also said CNPC was in talks with Venezuelan companies to ramp up oil production…

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