With the aim of expanding abroad, China National Petroleum Corp.’s (CNPC’s) pipeline bureau has signed a contract for a 7.7-km crude oil pipeline in Libya. An official from CNPC explained that although the Libyan pipeline is short, being assigned to undertake it opens up new opportunities in the North African country.

Chinese oil companies have been increasing their foreign presence in an attempt to secure new oil and gas resources for the country’s booming economy. The Chinese government announced this month that tax breaks and other incentives will be provided for companies investing in Libya’s oil and gas industry.

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