30.09.2009 - Chinese rivalry for oil assets has silver lining
From Telegraph: Up until now, Chinese oil firms were hunting for oil in risky places where the majors didn't already have a big presence or where they were keen to sell, including Iraq and Argentina. But now China is moving into Nigeria in a big way, according to the Financial Times. CNOOC, one of the three largest Chinese oil companies, is said to be bidding for 6bn barrels of oil reserves.....................Full Article: Source
Print