Jun 13 2012
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UPDATE: China Trying To Cut Iranian Oil Imports -CNPC Executive
Wednesday, Jun 13, 2012
(Adds quotes on Gazprom)
VIENNA--China is trying to cut its Iranian oil imports, a China National Petroleum Corp. executive said Wednesday.
Speaking to reporters on the side of a seminar of the Organization of Petroleum Exporting Countries, Wang Dongjin, a CNPC vice president, said it remained unclear, however, how China could reduce its imports from the Islamic Republic.
"We will see at a later date state," he said, what do with "some contracts signed before sanctions on Iran."
"It is a potential, it is in a preliminary state," he said, adding that the discussions focused on CNPC entering natural-gas "exploration blocks or developing some gas field in the Barents Sea" in Russia.
Mr. Dongjin also said CNPC wasn't currently considering buying a stake into Russian joint-venture TNK-BP.
BP PLC (BP), which owns half of TNK-BP, recently signalled it was considering exiting the venture.
Write to Benoit Faucon at firstname.lastname@example.org
(END) Dow Jones Newswires
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