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CNPC signs framework agreement to take stake in Ecuador refinery

2:03 AM MDT | June 10, 2013 | Natasha Alperowicz

China National Petroleum Corp. (CNPC; Beijing) signed a framework agreement to take a stake in a planned refinery in Ecuador, CNPC announced on Sunday. The agreement was signed on 6 June by CNPC’s chairman Zhou Jiping and a number of Ecuadorian government and state oil company officials.   “Under the agreement, CNPC will take a share in the construction of the Pacific Refinery project and participate in the exploration and development of Ecuador’s upstream resources,” CNPC says. Further negotiations will be carried out on the basis of...

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