Chinese Oil Firms Buy 20% Stake in Novatek's Arctic LNG
Zhang Yushuo
DATE: Apr 26 2019
/SOURCE: yicai
(Yicai Global) April 26 -- Subsidiaries of China National Petroleum and China National Offshore Oil penned a deal with one of Russia's largest natural gas producers Novatek at the Second Belt and Road Forum for International Cooperation yesterday, with each agreeing to take a 10 percent stake in its Arctic liquid natural gas program.