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Posted on
16.07.2018 at 21:18
by
APA
The China National Offshore Oil Corporation (CNOOC) announced the investment of an additional $ 3 billion in offshore oil and gas operations in Nigeria. The CEO of the Beijing-based company, Yuan Guangyu, said that investing in Nigeria is a strategic option for his company.
In a statement made on Sunday in Abuja, Ndu Ughamadu, General Manager of the Group and Public Affairs Division of the Nigerian National Petroleum Corporation (NNPC), said that CNOOC had invested more than $ 14 billion in its Nigerian operations.
He added that Guangyu, who led a CNOOC senior management team to the head office of the Nigerian National Petroleum Corporation in Abuja, called on the NNPC leadership to seek areas of common interest with the Chinese firm to improve productivity.
CNOOC was It was founded in 1982 and is one of China's three major national oil entities.
It focuses on upstream offshore exploration and production, while the China National Petroleum Corporation is focused on exploration and development. onshore and upstream production
SINOPEC, the third leg of the tripod, focuses on refining and marketing.
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