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China's Sinopec (SNP) has signed a preliminary deal to buy stakes in Nigerian onshore oil blocks...

China's Sinopec (SNP) has signed a preliminary deal to buy stakes in Nigerian onshore oil blocks from Total (TOT) worth ~$2.4B, Bloomberg reports. The French group said in September it planned to sell assets worth $15B-$20B in the period up to 2014 to raise cash for oil and gas projects.
Comments (1)
  • User 66740
    , contributor
    Comments (3) | Send Message
     
    Working for oilcompanies is getting more and more difficult, in nigeria, because of
    pollution claims ,although pollution is for 95 % provoked by illegal tapping of pipelines/and shutoff wells, and not by the foreign companies. Also these environemental groups in nigeria are advised by foreigners/environamen... to blame these cashrichcompanies

     

    armed aggression by so called opposition groups, strikes etc.

     

    companies like Shell ,Total are trying to get out,and work in easier circumstances./ gabon/angola/mocambique
    and in fact chinese
    companies know better how to deal with these disturbancies.
    there are over a million chinese nowa days in africa, french nearly 300.000 and diminshing
    as we see all over africa.

     

    Simplissimo, lived/worked 50 y in africa
    7 Nov 2012, 05:56 AM Reply Like
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