中石油

CNPC closes in on Afghan field

CNPC, the Chinese energy company, is poised to win the first oilfield to be tendered in Afghanistan since the US ousted the Taliban in revenge for sheltering Osama bin Laden a decade ago.

China’s push into Afghanistan is part of a drive to secure resources to fuel economic growth that has seen its state-owned companies venture into increasingly risky countries.

CNPC, China’s biggest oil and gas producer, beat rival bids from Australia’s Buccaneer Energy, London-based Tethys Petroleum and Shazhad International of Pakistan in a tender for three blocks in the Amu Darya basin in the relatively peaceful north-west.

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