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Pacifico refinery

20.07.2012

China's CNPC in Talks with Ecuador over $12.5 Billion Refinery

China National Petroleum Corp (CNPC), the country's biggest oil producer, is in talks with Ecuador's government over a potential investment in the OPEC-member's US-$12.5 billion Pacifico refinery project, an Ecuadorean minister said on Thursday.
Chinese state oil firms have been on a spending spree to buy overseas oil and gas assets to secure supply to the world's second-largest oil consumer and maximise returns on oil produced overseas. more
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