SHANGHAI-CHINA: China National Petroleum Corp. has won a bid to build a $3.29 billion pipeline in the United Arab Emirates, its largest overseas construction project so far, the official Xinhua News Agency reported Monday.

The deal, signed Sunday in the Emirates' capital of Abu Dhabi, calls for state-owned CNPC to build a 400 kilometer- (250 mile-) pipeline to Fujairah port from an oilfield in the western part of the country, Xinhua said.

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Posted by boyang at December 1, 2008 4:36 AM