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Bidding Successful for Wensu Block in Xinjiang Province

2018-01-25

On January 23rd, ZPEC successfully competed for the prospecting and exploration rights for oil and natural gas in the Wensu block of Tarim Basin in Xinjiang Province. The 866.87 million yuan bid marked a major move for ZPEC to extend its upstream industry chain and speed up the process of integrating its engineering services and exploration capabilites. This success is of great significance for enhancing ZPEC's profitability.

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