CNPC to Set Up Logistics Hub in Dubai

Source: Reuters 2/21/2012, Location: Middle East

China National Petroleum Corp (CNPC), the country's largest oil and gas producer, is planning a logistics hub in Dubai to minimize possible disruptions from geopolitical risks in the Middle East and North Africa, the China Daily reported.

CNPC, state-owned parent of PetroChina Co Ltd, plans to build an industrial park of 200,000 square meters in Dubai's Free Zone, with production lines for engineering equipment, the newspaper said, citing a CNPC source with direct knowledge of the issue.

It said the company would use the park as an equipment store in the event of an emergency withdrawal from the Middle East and North Africa.

CNPC has a strong presence in the region, developing large oilfields from Iraq to Sudan. When unrest emerged in Libya early last year, CNPC halted production, sealed equipment in the North African country and evacuated its 391 Chinese employees after some project camps and operating sites were attacked.

Equity oil output from overseas projects operated by CNPC topped a record 1 million barrels per day last year, in line with targets.


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Related Categories: Freight Forwarding  General  Project Logistics  Shipping & Marine Services  Shipping Lines  Specialized Transport  Warehouse Logistics 

Related Articles: Freight Forwarding  General  Project Logistics  Shipping & Marine Services  Shipping Lines  Specialized Transport  Warehouse Logistics 


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