China Petroleum Engineering and Construction (CPECC) and ENH Logística (ENHL) of Mozambique have established a partnership to develop oil projects in Mozambique, reports MacauHub, quoting an article from Chinese state news agency Xinhua.
The partnership made up of subsidiaries of the China National Petroleum Corp and Mozambique’s national oil and gas company ENH is the first ever established by state enterprises from China and Mozambique.
The new company will provide services in the chemical and refinery areas, as well as in research, engineering, storage and long-distance supply, in the gas and oil sectors.
ForumChinaplp.org reported the newly formed firm would explore building several oil and gas projects in basins within the African nation.