Chinese 'eyeing Barents tie-up'

On radar screen: Barents for CNPC

NASA

By Steve Marshall and news reports

 15 June 2012 14:17 GMT

CNPC 'interested' in Statoil partnership in Norway's High North

State-owned China National Petroleum Corporation (CNPC) is reported to be interested in investing in Norway’s oil sector, signalling a possible shift in Beijing’s hardened position in relations between the two countries.

"If we have the  opportunity, we would be interested in co-operating with Statoil on the Norwegian continental shelf and in new areas of the Barents Sea," CNPC executive Wang Dongjin told Norwegian business daily DN.

"We already have a good and close co-operation with the company," he added.

Norwegian state-owned Statoil inked a partnership pact with CNPC in 2007 and subsequently, in 2009, announced it would explore for shale gas in…

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