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China National Petroleum Corporation

Nigerian National Petroleum Corporation (NNPC)

Federal government, China sign agreement on oilfield services

In what could be described as a strong move to develop Nigeria’s oilfield services and boosting research and development in the oil and gas industry, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC).

China restates commitment to provide 85% funding for $2.8 billion AKK gas pipeine project

The Nigerian National Petroleum Corporation (NNPC) has been assured by China National Petroleum Corporation (CNPC) that it is committed to helping it secure up to 85 per cent of $2.8 billion it requires to build the Ajaokuta-Kaduna-Kano (AKK) pipeline project, a statement from the corporation on Monday disclosed.

China offshore oil coy to invest $3 billion in Nigeria

The China National Offshore Oil Corporation (CNOOC) is to invest an additional three billion dollars in its existing stakes in offshore oil and gas operations in Nigeria.

Iran wary as EU presents plans to save nuclear deal

Iran said Saturday it would wait to see whether Europe produces tangible results in overcoming US sanctions before it decides whether to stay in the nuclear deal, as a top EU official visited Tehran to present plans for maintaining trade ties.

China’s Sinopec to sell Nigeria investment

Sinopec, China’s oil giant and world’s second largest corporate organisation is planning to sell off its oil sector investment in Nigeria, and totally divest from the country.

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