B&R Forum fuels energy deals

CNPC reaches agreements worth $20b at landmark Beijing meeting

China has agreed a batch of energy deals worth $20 billion with economies participating in the Belt and Road Forum for International Cooperation, which ended in Beijing on Monday, according to the head of China National Petroleum Corp, the country's biggest oil and gas company.

Deals signed during the forum included Saudi Arabian Oil Co taking a stake in CNPC's Yunnan refinery, a $4 billion agreement for a natural gas processing plant in Azerbaijan with State Oil Co of Azerbaijan, gas storage and gas-fired power projects with Russia's Gazprom PJSC, and a geothermal project in Kenya, it said.