China National Petroleum Corporation recently signed a cooperation agreement with Mozambique's national oil and gas company ENH in Beijing.
According to the agreement, the two companies will start cooperation in oil and gas exploration and production, engineering technology, engineering construction, refining and logistics supports. The two sides also set up the China-Mozambique Petroleum Engineering Company.
The inking of the agreement between CNPC and ENH marks the start of a comprehensive cooperation between the companies, which is expected to play an active role in helping the African country build its own petrochemical industry.
CNPC has been participating in offshore gas exploration and production projects in Mozambique since 2013.
Also, CNPC is actively involved in oilfield services and engineering construction projects in Mozambique, such as geophysical prospecting, pipeline construction, project contracting, and equipment supply.