Tag: China National Petroleum Corp

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Oil Deal Lets China Stake Claim in Ecuadorian Amazon

In recent years, as Beijing has been expanding economic ties with Latin America, engagement with Ecuador has been viewed with a mixture of hope and unease—while an inflow of Chinese FDI has been welcomed, environmental risks and labor discord have been noted to come along with it. Last month, Chinese petroleum consortium Andes Petroleum Ecuador—set up by state-owned China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (SINOPEC)—sign