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CNPC Acquires 30% of TT Work in Brazil

Mar 09, 2018

 On March 7, China National Petroleum International Co., Ltd. and Brazil’s TT Work Co., Ltd. formally signed an equity acquisition agreement and a shareholder agreement. According to this agreement, the international business company will own 30% of the shares of TT Work, obtain the company's share of refined oil imports, and obtain an important off-market for the Group's refined oil export and re-export trade. As one of the three major oil and gas operation centers of CNPC, after years of development, the CNPC Inter-American Oil and Gas Operations Center has become an active trader for the New York Stock Exchange's WTI (West Texas Intermediate Crude Oil) and the natural gas Henry Index, and its market influence continues to expand. Group companies exploit the important power of international resources and markets. Our company has maintained a long-term cooperative relationship with Sinopec and continues to provide rupture disc products for Sinopec.


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