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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1204)	10/31/2003 7:19:55 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China should buy some Wyoming gas intead of the US gov. bond<g> - China eyes Wyoming gas market There might be a new player in the Wyoming gas market soon -- and this one's the most populous country in the world. Representatives from the Chinese National Petroleum Co., China's official oil company, met with high ranking state officials in Cheyenne last week to discuss the possibilities of the company doing work in Wyoming. "They are very interested in investment opportunities in Wyoming," said Steve Waddington, energy policy adviser for Gov. Dave Freudenthal's office. Waddington was present at the meeting on Oct. 21 along with Gov. Freudenthal, Secretary of State Joe Meyer, State Geologist Lance Cook and representatives of the Wyoming Natural Gas Pipeline Authority, the Wyoming Oil and Gas Conservation Commission and other state agencies. As trade restrictions are gradually loosened in China, CNPC is trying to expand from a domestic, state-sanctioned company to an international one. The CNPC appears to have a great deal to offer. The company told state officials that it was prepared to import at least seven state-of-the-art drilling rigs into the United States. The company employs more than 60,000 people in China, and plans to staff its prospective American operations with Chinese workers. The drilling technicians the CNPC will use in the United States all have engineering degrees or higher, company representatives told Wyoming officials last week. For the complete story see today's News-Record. gillettenewsrecord.com