CNPC to open regional headquarters in Jafza
Jebel Ali Free Zone (Jafza) and the China National Petroleum Corporation (CNPC) have signed an agreement to establish CNPC’s regional headquarters in Jafza
Jebel Ali Free Zone (Jafza) and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle East.
The new headquarters will cover 55,000sqm and include a 10,000sqm multi-storey office and warehouse facility for storage, maintenance and repair of oil and gas equipment, according to Dubai Media Office.
The agreement was signed between Mohammed Al Muallem, CEO of Jafza and senior vice president and managing director of DP World, UAE and Zhu Junfeng, CEO of CNPC Middle East in the presence of senior officials.
Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World and chairman of ports, customs and free zone corporation, said: “CNPC’s headquarters in the UAE reinforces its presence as a key player in the region’s energy sector.
"Jafza is working in line with the directives of our leadership to provide an attractive business environment for foreign companies and to diversify Dubai’s economy.
"We will support CNPC in their ambitious growth plans by providing favourable business processes, services and facilities that compare with international standards.”
Jafza has established its position as a regional hub for the oil, gas and petrochemical industry with more than 850 companies from 77 countries in the sector.