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China earns millions from Sudan oil

    NAIROBI
    The China National Petroleum Corporation (CNPC) has earned US $320 million from crude oil sales and pipeline oil transmission in developing southern Sudanese oil fields, the official China Economic Information Centre of the state Xinhua news agency reported on Thursday. “Since August 30 last year, when the zone began to export the first tanker of oil, it has produced 64 million barrels of crude oil and gained US $1.16 billion from oil sales and pipeline oil transmission,” it said. “A CNPC official said that the development of the Sudanese oilfield is a win-win project, which has paved the way for China’s large enterprises to develop business overseas.”

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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