China seeks big stake in Nigerian oil
This is a discussion on China seeks big stake in Nigerian oil within the China News forum, part of the Doing Business in China category; A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world's richest ...
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Sep 28th, 2009, 05:50 PM
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China seeks big stake in Nigerian oil
A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world's richest oil blocks in a deal that would eclipse Beijing's previous efforts to secure crude overseas.
The attempt could pitch the Chinese into competition with western oil groups, including Shell, Chevron, Total and ExxonMobil, which partly or wholly control and operate the 23 blocks under discussion. Sixteen licences are up for renewal. More... |
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