NPCC Signs Two MoUs with Chinese Energy Firms

NPCC Signs Two MoUs with Chinese Energy Firms

The UAE’s National Petroleum Construction Company (NPCC) has signed memoranda of understanding (MoUs) with two leading Chinese energy entities, Zawya reported.

The Emirati company believes the agreements will help it expand its footprint in China, with the aim to explore joint collaborative opportunities in both onshore and offshore oil and gas sectors.

The two agreements were signed with China Petroleum Engineering and Construction Corporation (CPECC), which is affiliated to China National Petroleum Corporation (CNPC); and the China National Engineering Company (CNCEC).

The signing came on the sidelines of the 24th World Energy Congress, taking place in Abu Dhabi on September 9-12.

NPCC will explore cooperation opportunities in projects, as well as sharing data and information, in order to allow for better cooperation in the future.

Meanwhile, NPCC and CNCEC will cooperate in potential projects for the Abu Dhabi National Oil Company (ADNOC) and will explore opportunities for financing services on ADNOC projects in the region.



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