At Last, China Makes Dramatic Entry into Nigerian Oil Sector

Last week’s decision of China’s largest petroleum refiner, Sinopec International Petroleum Corporation  to acquire Addax Petroleum Cor-poration has been described as a victory of sort for the Asian country after years of unsuccessful bidding for a piece of action in the Nigerian oil industry.Sinopec, an acronym for China National Petroleum Corporation is said to have paid $7.24 billion (N1.06...

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COMMENTS [total: 4]

• Chief Executive Officer, Financial Derivates Limited, Mr. Bismarck \"Rewane told THISDAY yesterday that the incursion of the C...
• In a normal business environment, where rules and regulation, especially within the framework of a progressive regulatory envi...
• Much as investment in the energy sector is desirable, the socio-political ramifications should be balanced with the economic p...