CNPC to Build Chad’s First Oil Refinery

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Researched by Industrial Info Resources (Sugar Land, Texas)--On September 20, witnessed by Chinese President Hu Jintao and Chadian President Idriss Deby, China National Petroleum Corporation’s (CNPC, Beijing, China) General Manager Jiang Jiemin and Chad’s Oil Minister Mahamat Hassan Nasser signed the joint venture agreement on building a refinery between CNPC Services & Engineering and the government of Chad.

CNPC Services and Engineering will be responsible for building the oil refinery north of Chad’s capital N’Djamena. Chinese design guidelines, manufacturing standards and machinery will be used in this refinery project. Neither group disclosed the investment value.

Chad began producing in 2003. So far, 13 oil fields have been discovered in Chad; however, the country does not have an oil refinery. All the refined oil has been imported into Chad. In May 2007, CNPC Services and Engineering and Chad’s Oil Ministry signed the cooperation agreement on refinery in Beijing.

In 1996, CNPC began cooperating with Sudan on oil projects, marking the start of China’s oil endeavor in Africa. Leaders of both countries praised the oil project as the model for cooperation between the countries, as well as a starting point between China and other African countries.

CNPC is China’s largest oil producer. It is also the parent company of PetroChina (NYSE:PTR).

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