OREANDA-NEWS. September 30, 2013. CNPC Chairman Zhou Jiping paid a visit to President of Venezuela Nicolas Maduro in the Diaoyutai State Guesthouse in Beijing. They exchanged views on further promoting oil and gas cooperation between CNPC and Venezuela's oil sector.

Highly commending on CNPC's cooperation projects in Venezuela as well as the company's contribution for local development, President Nicolas Maduro expressed his willingness to keep expanding Sino-Venezuelan oil and gas cooperation. Mr. Zhou Jiping indicated that CNPC will strive to create more economic and social benefits for both sides through enhanced oil and gas cooperation.

Later in the day in the 12th meeting of the China-Venezuela High-Level Joint Commission, CNPC and Venezuela's Ministry of Oil and Mining signed a framework agreement to jointly develop Junin 10 Block in Venezuela.