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China may be interested in buying ConocoPhillips' (COP) stake in a multinational consortium...

China may be interested in buying ConocoPhillips' (COP) stake in a multinational consortium developing the giant Kashagan oilfield, according to Kazakhstan's oil minister. COP, which has been shedding overseas assets to cut debt and increase its investment in lower-cost U.S. shale oil and gas, has said it intends to sell its Kashagan stake to India's Oil and Natural Gas Corp.
Comments (9)
  • bidding war?
    16 Apr 2013, 08:18 AM Reply Like
  • We live in hope.
    16 Apr 2013, 09:23 AM Reply Like
  • This can only drive up the price
    16 Apr 2013, 10:16 AM Reply Like
  • More oil destined to go to China but will there be enough coming to our shores; I don't know if all this energy independence by 2020 or whenever is just hype to make us feel good or what
    16 Apr 2013, 10:47 AM Reply Like
  • our energy independence is based on the accurateness of those estimating our reserves...

     

    if it turns out the US is wrong then the oil czars of the middle east will be incredibly happy lol
    16 Apr 2013, 10:50 AM Reply Like
  • wigit5
    I only bring it up because I used to own Line stock, I did good, but I had to sell when reports where circulating that all this fracking is not good to ground water supply but now apparently it is ok by the EPA; I hope the Saudies don't drop the petro$$, that's even worst
    16 Apr 2013, 12:36 PM Reply Like
  • Got ya... I don't know how to feel yet, I'd like to see nat gas really take off as a replacement for oil but not completely... maybe just 50/50. I like having balance being dependent on one source isn't good policy in my opinion.
    16 Apr 2013, 01:12 PM Reply Like
  • Interesting article and food for thought.
    16 Apr 2013, 10:47 AM Reply Like
  • IS THIS REALLY A GOOD IDEA???? I sure hope they know what they are doing.I question the wisdom of it ,BUT????????
    16 Apr 2013, 11:25 AM Reply Like
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