(EnergyAsia, December 24, Thursday) — China’s state-owned firms are willing to spend as much as US$50 billion to secure six billion barrels of crude oil reserves in Nigeria, Emmanuel Egbogah, the African nation’s presidential adviser on energy, said. Speaking to reporters, he said the government was in discussions with the Chinese firms including CNOOC Ltd…
CHINA: State firms willing to invest US$50 billion in Nigerian oil
Posted on December 23, 2009 by EnergyAsia