Energy ties further boosted in Central Asia

Updated 2017-06-09 12:31:02 China Daily
A technician inspects a terminal at the China-Kazakhstan gas pipeline in Horgos, the Xinjiang Uygur autonomous region.

A technician inspects a terminal at the China-Kazakhstan gas pipeline in Horgos, the Xinjiang Uygur autonomous region.

The ongoing visit of President Xi Jinping to Kazakhstan will ensure more cooperation opportunities for Chinese companies in Central Asia, especially companies in the energy sector, said Bian Dezhi, a senior official at China National Petroleum Corp. [Special Coverage]

The energy sector has been the main sector of cooperation between China and Kazakhstan for around 20 years, and such cooperation has expanded since President Xi proposed the Silk Road Economic Belt in Astana, the Kazakh capital, in 2013.

In June 1997, CNPC, the nation's largest oil and gas producer and supplier, bought a 60.34 percent stake in China National Petroleum Corp AktobeMunaiGas, known as CNPC AMG, and obtained production licenses for three oilfields and a contract for an oil exploration block in Kazakhstan.

The acquisition was the start of the company's investment in Central Asia, and the development of the Aktobe project is a prime example of China's oil and gas cooperation in Kazakhstan, said Bian, general manager of CNPC Kazakhstan Corp, a subsidiary established to oversee operations in the country.

He said the frequent visits by the presidents and close political relations provide a good environment for Sino-Kazakh energy cooperation, and will have a long-term effect on gas and oil cooperation.

CNPC now owns four more oil and gas projects in the country, along with two exploration projects and the Kazakhstan-China crude oil pipeline, the northwest oil pipeline and phase two of the Kazakhstan-China gas pipeline.

Construction of the 1,454-kilometer-long western section of the Kazakhstan-China gas pipeline was completed in April. According to the company, the pipeline can now carry more than 5 billion cubic meters a year from Kazakhstan to China.

Bian said: "China is busy building the Silk Road Economic Belt throughout Central Asia, and we see these oil and natural gas pipelines as an 'energy Silk Road'."

Wang Junren, general manager of CNPC AMG, echoed Bian, saying the Silk Road Economic Belt has brought a better energy cooperation environment.

Wang said with better relations, Chinese companies are able to enjoy better and easier development in overseas markets.

But more work still needs to be done, said Xu Anping, deputy general manager of CNPC Aktobe branch.

"Some of our projects in Kazakhstan are at the period of the end of the last contract, and we get an extension agreement," Xu said.

"We hope to get a good agreement that meets the needs of both our company and the local government after the meeting of the two presidents."

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 16 2018 21:49:03

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 16 2018 21:49:03

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 16 2018 21:49:03

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords