Source: Oil Marketer

China National Petroleum Corp. and Indonesia's PT Pertamina, have confirmed this week that they have both signed 20 year agreements with the Sudanese government for exploration and development of offshore oil assets.

It comes as the Chinese government comes under increasing pressure to avoid working with Sudan over human rights abuses in Darfur, at a time when the US is especially keen to isolate Sudan on the world stage.

US investors have already been pressured to sell out of PetroChina Co., a subsidary of China National Petroleum, which is listed on the New York Stock Exchange.

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Posted by pichu at July 6, 2007 12:35 PM