China’s CNPC starts oil delivery from Afghanistan project

05 March 2013 06:20  [Source: ICIS news]

SINGAPORE (ICIS)--China National Petroleum Corp (CNPC) said on Tuesday that the first oil cargo from its project at Afghanistan’s Amu Darya basin was delivered on 29 January, marking the start of investment return from that venture.

The 500 tonne cargo was trucked to a power plant in northern Afghanistan, CNPC said in a statement.

State-owned CNPC signed a 25-year production sharing contract with the Afghanistan government to develop three oilfields in the basin – Kashkari, Bazarkhami and Zamarudsa – in December 2011, according to CNPC, China’s biggest oil and gas producer.

Productions at two of the fields started in October 2012, and yields are approximately 300,000 tonnes/year at present.

By: Fanny Zhang
+65 6780 4359

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