China’s CNOOC to invest $3 billion in Nigeria’s oil sector


There are fillers that the China National Offshore Oil Corp or known as CNOOC is planning to invest as much as $3 billion in Nigeria’s oil sector.

The disclosure was made available by the Nigerian National Petroleum Corporation, NNPC, at a meeting with the Chinese in Abuja.

As reported by Reuters, NNPC, CNOOC Chief Executive Yuan Guangyu said the Beijing-based oil company had invested more than $14 billion in its Nigerian operations and expressed readiness to invest more.