Ukraine's Naftogaz, China's CNPC discuss prospects for cooperation

0 Comment(s)Print E-mail Xinhua, April 13, 2019
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KIEV, April 12 (Xinhua) -- Ukraine's state-run energy company Naftogaz and China National Petroleum Corporation (CNPC) have discussed prospects for their cooperation in energy sector, the press service of the Ukrainian company said on Friday.

A meeting between the senior executives of the two companies took place during the recent visit of Naftogaz chairman Andriy Kobolev to Beijing, Naftogaz said in a statement.

During the talks, the two sides discussed practical steps for the start of cooperation between Naftogaz and CNPC -- increasing hydrocarbon production in Ukraine and supplying the latest equipment and technologies to Ukraine, the statement said.

At the talks, Kobolev stressed that Naftogaz group has successful experience of cooperating with China in the energy sphere, noting that Chinese companies have demonstrated a high professional level in drilling projects and in projects to supply modern drilling equipment to Ukraine.

Last week, Naftogaz said it had signed a memorandum of understanding with China Export & Credit Insurance Corporation, also known as Sinosure, to get an insurance quota of 1 billion U.S. dollars, which could be used for attracting loans and investment from China into Ukraine's oil and gas industry. Enditem

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