Chinese Firm Secures Key Gas Block in Algeria ...Middle East

OILPRICE - Economy
Chinese Firm Secures Key Gas Block in Algeria
source : OILPRICE ( Middle East ) () 30
Zhongman Petroleum and Natural Gas Group (ZPEC), an independent Shanghai-listed Chinese oil and gas company, has won a licensing contract to explore a natural gas block in central Algeria, the firm has said. Algeria’s National Agency for the Valorization of Hydrocarbon Resources, ALNAFT, has awarded the Chinese firm an exploration contract for the Zerafa II gas block.  ZPEC won the block in competition with French supermajor TotalEnergies and a consortium of two other European oil firms, Italian Eni and Norway’s Equinor, the Chinese…

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