China North East Petroleum is a Pioneer in China’s Private Oilfield Services Industry. Through its Chinese subsidiaries Long De Oil & Gas Development Co. Ltd and Yu Qiao Oil & Gas Development Co. Ltd, NEP has entered into 20-year lease agreements with PetroChina Jilin Branch for the extraction of crude oil in Jilin Qian’an Oilfield. Under this arrangement, NEP has agreed to sell all of its extracted oil to PetroChina Jilin Branch for use in the China marketplace. more>> |