22  October  2017

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 Infopetro -> Industry in Focus


CNPC Sets Up Mideast Headquarters In Dubai Free Zone

  04/13/2017

China National Petroleum Corporation (CNPC) has agreed to

set up its regional headquarters in the Jebel Ali Free

Zone (Jafza) of Dubai to oversee investments, oil

services and trading in the Middle East, according to

state media and a CNPC source.

The new headquarters covers 55,000 square metres and

includes a 10,000 sq m multi-storey office and warehouse

facility for oil and gas equipment, China's official

Xinhua news agency reported on Tuesday.

All of CNPC's 16 companies operating in the region will

have their offices at Jafza, Zhu Junfeng, chief executive

of CNPC Middle East was cited as saying.

The announcement came shortly after CNPC agreed to

acquire 8 percent in Abu Dhabi's giant onshore oil and

gas project known as ADCO.

CNPC, parent of Asia's largest oil and gas company

PetroChina, has since last year centralized its

activities in the Middle East via an expanded Dubai

operation that covers upstream investment, oilfield

services as well as oil trading, said a Dubai-based CNPC

source.

Apart from UAE, CNPC invests heavily in Iraq and has

recently stepped up oil and gas activities in Iran.



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