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ZPEC inks RMB201mln Russian oilfield drilling project contract with YARGEO

November 27, 2018


Abstract : Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (603619.SH, ZPEC) announced that its Gubkin branch in Russia had inked an oilfield drilling project contract with YARGEO worth about 1.924 billion Russian Rubles (approximately 201 million yuan).

ZPEC

BEIJING, Nov. 27 (Xinhua) -- Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (603619.SH, ZPEC) announced Tuesday that its Gubkin branch in Russia had inked an oilfield drilling project contract with YARGEO worth about 1.924 billion Russian Rubles (approximately 201 million yuan).

The oilfield is located in the Yamalo-Nenets Autonomous Okrug of Russia.

YARGEO is a subsidiary of Russia’s largest independent natural gas producer NOVATEK. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)

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Keyword: oil-gas ZPEC

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