Caixin
Dec 12, 2012 05:29 PM

Sinopec Adds Nigerian Prize to African Cache

 
a

(Beijing) -- An oil field off the Nigerian coast with substantial reserves – and potential risks – has become the latest foreign prize scooped up as part of China Petrochemical Corp.'s African expansion campaign.

The state-owned oil gorilla better known as Sinopec announced in mid-November that its wholly owned subsidiary Sinopec International Petroleum Exploration and Production Corp. had agreed to buy a 20 percent stake in an offshore block from French oil major Total SA.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code