China National Petroleum Corporation (CNPC), the parent company of China's top oil and natural gas producer PetroChina (PTR.NYSE; 00857.HK; 601857.SH), may sign a LNG purchase agreement with British Petroleum in the coming days, according to media reports.
The two companies also could ink cooperation deals on new projects in China and other areas. However, the two companies are unlikely to outline targets on output or investment in the agreement.
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