Date
16 October 2017

CNPC buys Peru oil and gas assets for US$2.6 bln, Xinhua says

China National Petroleum Corporation (CNPC), the country’s largest oil and gas producer and supplier, will pay US$2.6 billion for oil and gas assets in Peru, Xinhua news agency reported on Wednesday, citing a press release from its listed unit PetroChina Co. Ltd. (00857.HK, 601857.CN). CNPC will buy all the shares of Petrobras Energia Peru S.A., which owns three oil and gas blocks with an output of about 800,000 tons of oil equivalent a year, the report said.

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