Latest news with #ZPEC
Time of India
4 hours ago
- Business
- Time of India
China independent firm Zhongman Petroleum awarded natural gas block in Algeria
Singapore: China's Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas block in Algeria under a production sharing contract, marking the company's first hydrocarbon exploration in Africa. The Shanghai-listed independent oil and gas explorer was awarded the contract by Algeria 's National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) to explore the Zerafa II block in central part of the country, ZPEC said late on Wednesday on its official WeChat platform. ZPEC said it outbid global major TotalEnergies and a consortium of Italy's ENI and Norway's Equinor for the Zerafa II block. The block, covering 38,697.73 square kilometers, sits in the southern part of Algeria's main gas-bearing Gourara-Timimoun basin. ZPEC did not disclose investment value and said the final contract remains unsigned. ZPEC, one of China's small group of independent oil and gas companies, operates in China's Xinjiang region and Kazakhstan. Last year the company won rights to exploration blocks in Iraq.
Reuters
15 hours ago
- Business
- Reuters
China independent firm Zhongman Petroleum awarded natural gas block in Algeria
SINGAPORE, June 19 (Reuters) - China's Zhongman Petroleum and Natural Gas Group (ZPEC)( opens new tab said it won a tender to explore and develop a natural gas block in Algeria under a production sharing contract, marking the company's first hydrocarbon exploration in Africa. The Shanghai-listed independent oil and gas explorer was awarded the contract by Algeria's National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) to explore the Zerafa II block in central part of the country, ZPEC said late on Wednesday on its official WeChat platform. ZPEC said it outbid global major TotalEnergies ( opens new tab and a consortium of Italy's ENI and Norway's Equinor for the Zerafa II block. The block, covering 38,697.73 square kilometers, sits in the southern part of Algeria's main gas-bearing Gourara-Timimoun basin. ZPEC did not disclose investment value and said the final contract remains unsigned. ZPEC, one of China's small group of independent oil and gas companies, operates in China's Xinjiang region and Kazakhstan. Last year the company won rights to exploration blocks in Iraq.
Libya Observer
05-05-2025
- Business
- Libya Observer
MMRA explores cooperation with Chinese firm ZPEC
Officials from the Man-Made River Authority (MMRA) have held talks with representatives from the Chinese company ZPEC to explore future cooperation in the drilling and maintenance of water wells. The meeting, held on Sunday at the Authority's headquarters in the Al-Hawari district of Benghazi, was chaired by board member Fawzi Al-Sharif. According to a statement on the Authority's official Facebook page, ZPEC's commercial director gave a presentation showcasing the company's expertise and capabilities in water infrastructure. Discussions centred on potential areas of partnership that could support the shared interests of both parties and improve water well operations across the country. ZPEC is one of the world's leading companies specialising in drilling equipment and the construction of oil and water wells. Tags: MMRA
