China Business News: CNPC in talks with Venezuela on US$16-bln deal

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CNPC in talks with Venezuela on US$16-bln deal

Oct. 15, 2009 (China Knowledge) - China National Petroleum Corp, the parent of PetroChina Co Ltd<601857><0857><PTR>, this month is expected to sign a US$16-billion contract with Petroleos de Venezuela to develop the Junin 4 oil field, sources reported. The spokesman for CNPC did not deny the report and said that the deal is still being discussed. According to a preliminary agre

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