China National Petroleum Corporation(CNPC) and International Petroleum Investment Company(IPIC) sign EPC contract Tuesday,December 02,2008 Posted: 14:54 BJT(0654 GMT)   From:驻阿联酋使馆经商参处    Article type:Original CNPC and IPIC has signed EPC contract in Abu Dhahi UAE on November 30 with the total amount of US$3.29 billion, which is the largest engineering construction project achieved by CNPC in the oversea market. The cooperation will enhance oil producer’s further understanding towards China especially crude oil producers in Abu Dhabi, and will promote mutual development in the field of trade and investment. Meanwhile, the project will deepen mutual friendship between China and UAE. It is not only an oil pipeline but also a pipeline for communication then trust and friendship. Through this channel, we will exchange more information and explore more markets in the future. Mr. Yu Baocai vice general manager of CNPC, H.E. Khadem Abdulla Al Qubaisi board member & managing director of IPIC, and Mr. Zhuang Ruijin economic &commercial counsellor of Chinese Embassy in UAE attended the signing ceremony.

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