China buys more international oil assets

China''s offshore oil exploration and production major spends $2.268 billion on Nigerian maritime oil fields.
January 09, 2006

China National Overseas Oil Corporation (CNOOC) announced its largest overseas acquisition yesterday (January 9) after agreeing to purchase a 45% stake in Nigerian Oil Mining License (OML) 130 for $2.23 billion.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media