CNOOC secures Kenya oil deal
Katie Nguyen
Saturday, April 29, 2006
Kenya has signed an agreement allowing China's largest offshore oil producer to prospect in the east African country.
The deal was one of a clutch of bilateral agreements signed at the end of President Hu Jintao's five-nation tour, which has cemented Beijing's economic and political clout, especially in Africa where it seeks raw materials to feed its roaring economy.
Neither Kenyan nor Chinese officials would immediately give details of the oil pact Friday, which came two days after Beijing struck a US$4 billion (HK$31.2 billion) deal for drilling licenses in Nigeria.
http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=17620&sid=7729889&con_type=1&d_str=20060429
Saturday, April 29, 2006
Kenya has signed an agreement allowing China's largest offshore oil producer to prospect in the east African country.
The deal was one of a clutch of bilateral agreements signed at the end of President Hu Jintao's five-nation tour, which has cemented Beijing's economic and political clout, especially in Africa where it seeks raw materials to feed its roaring economy.
Neither Kenyan nor Chinese officials would immediately give details of the oil pact Friday, which came two days after Beijing struck a US$4 billion (HK$31.2 billion) deal for drilling licenses in Nigeria.
http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=17620&sid=7729889&con_type=1&d_str=20060429
posted by Mwananchi at 6:07 PM
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