Article: NIGERIA - China Eyes Gas E&P.

During President Obasanjo's visit to Beijing and after talks with Chinese President Hu Jintao, the two states on April 14 signed five economic agreements. One of them was to focus on gas E&P operations to be launched in Nigeria by Chinese companies.

China, running low on oil resources and the world's fastest growing energy importer, is making a great effort to seek overseas supply sources. The country's three state-owned giants - China National Petroleum Corp. (CNPC), China Petroleum & Chemical Corp. (Sinopec), and China National Offshore Oil Corp. (CNOOC) - have all entered Nigeria's oil sector. Sinopec has stakes in three oil blocks in Nigeria, with one of the ...

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