China’s petroleum company seals oil & gas exploration deal with Eni

China’s petroleum company seals oil & gas exploration deal with Eni

China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.

The signing took place in Rome at Eni’s headquarters during a meeting between the Chairman of CNPC, Wang Yilin, and Eni’s CEO, Claudio Descalzi.

The meeting was a chance to further strengthen the relationship between the two companies and was an opportunity to discuss ongoing joint projects as well as future opportunities between CNPC and Eni across the energy value chain.

Eni is an Italian company at work all over the world which operates in 73 different countries around the globe, with roughly 33,000 men and women. The company says it is a multinational Oil & Gas company, considered one of the global supermajors, it has operations in 73 countries, with a market capitalisation of US$55 billion, as of June 30, 2017. Eni constantly ranks among the top 100 on Fortune Global 500 list for largest companies by revenue. In 2016, the company was listed in 65th place. Here is a preview of our main oil and gas exploration, production, refining and selling operations – the foundations on which our work is based – and the values that inspire our actions.