Product Supply Agreement between Southwest Oil Gas Company of SINOPEC and Jining ENI Energy Technology Co., Ltd.
Southwest Oil Gas Company of SINOPEC and Jining ENI Energy Technology Co., Ltd. entered into an agreement in November 2008 for the supply of gas analysis equipment, including analyzers and an analyzer house, for a gas pipeline project. The total contract value is RMB1,940,000. Although ENI has not received full payment or issued an invoice, it has recognized the contract amount as income for 2008. The agreement outlines the purchase and delivery of specified equipment for the project.
Exhibit 10.47
Summary Translation of Chuan East to Chuan West
Transferring Gas Pipe Project Product Collective Contract
Contract number: G11CQ-08-MM-0011
Signing date: November 2008
Buyer: Southwest Oil Gas Company of SINOPEC
Supplier: Jining ENI Energy Technology Co., Ltd.
Signing place: Chengdu city of Sichuan province
Total sum: RMB1,940,000
Product: One unit of analyzer of gas phase chromatography, one unit of water analyzer and one unit of sulfurated hydrogen analyzer, one unit of analyzer house of chromatogram
ENI has not yet collected full payment or issued an invoice but has recognized this amount as income for 2008.
