NIGERIA > China Offshore Oil Company (CNOOC) is set to invest additional $3 billion in Nigerian operations

CNOOC logo China Offshore Oil Company (CNOOC) is set to invest additional US $3 billion in Nigerian operations making it the most strategically important overseas business for CNOOC. Beijing based CNOOC’s Chief Executive Officer, Yuan Guangyu said that CNOOC had already invested $14 billion in Nigerian operations while leading a team of CNOOC top executives to the corporate headquarters of the Nigerian More …