China National Petroleum (PTR) says it expects to firm up a draft agreement to join a large...

|By:, SA News Editor

China National Petroleum (PTR) says it expects to firm up a draft agreement to join a large refinery project in Ecuador and expand its oil exploration efforts there by the end of this year. CNPC, which produces more oil and gas than any other Chinese company, already owns four oil-and-gas blocks in Ecuador.