Technology and technical assistance for refineries and chemical plants

On February 2, 2004, China Petroleum & Chemical Corp (Sinopec) signed a deal with the country’s Ministry of Mines, Energy, Oil and Hydraulic Resources stating that the company will provide technology and technical assistance to Gabon and make engineering and construction contributions to refineries and chemical plants in the country. In exchange for their technological assistance, the agreement allows Sinopec to investigate the exploration and development of three onshore oilfields in Gabon. The agreement does not commit Sinopec to oil production. Likely due to the vague nature of this project, results do not pull up information regarding start and end dates, financial amounts or contacts for the project.This is one of three bilateral agreements signed on February 2, 2004 between China and Gabon, during Chinese President Hu Jintao's official visit to Gabon. China also pledged $1,200,000 for economic and technical cooperation projects and a $6,000,000 interest-free loan to kick-start the cooperation.

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