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(ecfchina)
-- China National Petroleum Corporation is planning a logistics hub in Dubai to
minimize possible disruptions from geopolitical risks in the Mena.
CNPC, state owned parent of PetroChina, plans to build an industrial park of
200,000 square meters in Dubai's Free Zone with production lines for engineering
equipment.
CNPC source said that the company would use the park as an equipment store in
the event of an emergency withdrawal from the Mena. CNPC has a strong presence
in the region, developing large oilfields from Iraq to Sudan.
When unrest emerged in Libya early last year, CNPC halted production, sealed
equipment in the North African country and evacuated its 391 Chinese employees
after some project camps and operating sites were attacked.
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