PetroChina "essay" Cuba market

November 24, the Financial Times reported that CNPC (hereinafter referred to as "PetroChina") successfully reaped a Cuban refinery expansion project, the project transaction price can be as high as 6 billion U.S. dollars.　　It is also one of the largest foreign investments in Cuba so far.　　The refinery, which is owned by the Cuban National oil Company and the Venezuelan national Oil Company, is located in Cienfuegos Province in central Cuba and is part of the Cuban exploration and Development offshore oil project, the report said.　　After the expansion is completed, the refinery's capacity will be increased from the current 65,000 barrels a day to 150,000 barrels, and will eventually include a petrochemical complex plant and liquefied natural gas terminals.　　PetroChina's China Global engineering Company will be the managing party for the project, and Chinese banks will finance the project and will receive guarantees from Venezuelan oil revenues, according to people familiar with the project. At present, Chinese company's construction equipment has arrived, the commencement time is set for next year.　　In addition, the Venezuelan national oil company will be allowed to carry out drilling in the Cuban Gulf waters next year. "The acquisition of refineries is just the first step in PetroChina, and it may then run a gas station."　　Boqiang, director of China Energy Economics Research Center, Xiamen University, said in an interview with our correspondent.　　In fact, as early as 2008, PetroChina signed a framework agreement on expanding cooperation in the oil field with Cuban national oil Company in Havana, which said that it would cooperate in the development of oil and gas fields, engineering services and import and export of petroleum equipment in the Middle Ages.　　Recently, PetroChina overseas Business "Twelve-Five" development plan, PetroChina insiders to our correspondent disclosed that the South American oil and gas cooperation zone was positioned as the company's largest overseas oil production and supply cooperation zone, and included in the "Twelve-Five" plan.　　PetroChina insiders to the reporter revealed that the planning is expected to "Twelve-Five" at the end, PetroChina will be basically built in Central Asia, Africa, South America, the Middle East and Asia-Pacific 5 different types of oil and gas cooperation zones, West, north, south and east of the four major overland oil and gas transport channels will be fully In the "Eleven-Five" period, PetroChina overseas business has completed the global business distribution point, the formation of the five major overseas oil and gas cooperation zone also has the reserves, production, refining, volume of the expected size.　　In contrast, the "Twelve-Five" period of overseas crude oil processing capacity will be greatly improved.　　The above insiders to the reporter revealed that the overseas five major oil and gas cooperation zone construction is the core of PetroChina overseas planning blueprint, which is particularly prominent in Central Asia oil and gas cooperation zone. "PetroChina will focus on Kazakhstan, Turkmenistan and Uzbekistan, and will be the most important oil and gas cooperation zone in the company overseas." Said the insiders.