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China Oil HBP wins USD148 mln oilfield service deal in Pakistan

BEIJING
2015-11-19 20:14

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China Oil HBP Group (002554.SZ) won a USD148-million oilfield service contract to process natural gas and recycle liquefied petroleum gas at Pakistan's Nashpa oilfield, the company announced late Thursday in a filing with the Shenzhen Stock Exchange. China Oil HBP Group's wholly-owned subsidiary in Hong Kong inked the service contract with Oil and Gas Development Co. Ltd (OGDCL), the national oil and gas company of Pakistan, on Wednesday. The service will last for 17 months after OGDCL issues a foreign currency letter of credit.

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