BEIJING (Reuters) - China's state energy group CNPC on Tuesday said it has completed construction of a 10,000-barrel-per-day refinery in Algeria under an engineering and construction contract worth $385 million. CNPC's engineering and construction unit put the plant, a condensate splitter in eastern Algeria, into operation over the weekend after 39 months of work, a report on CNPC's website www.cnpc.com.cn said. Africa is a focal area for Chinese state oil companies, for equity investment in oil and gas production and engineering projects including pipelines and refineries. CNPC is the parent of PetroChina, Asia's largest oil and gas produder. |