French oil firm Total SA sells Nigeria offshore oil stake to China's Sinopec for $2.5B
#1 Nov 19, 2012
Certainly, China has growing stakes in Africa.
Total SA, on the other hand, will probably be glad to get rid of an adventure in a country where killings of Christians by Muslims are a daily occurence. Nigerians also tap the oil pipelines, and the whole country is one big mess. Instead of using oil revenues to advance Nigeria as a country worth living in, Nigeria's corrupt bureaucracy is booming.
Germany's Bilfinger & Berger, a major construction company, has sold most of its shares in Nigeria, too.
Add your comments below
|Islam Will Conquer Italy and the Entire West (Sep '10)||3 min||Aliroger1||391,629|
|MDMK quits NDA, hits out at Narendra Modi gover...||19 min||Sakkili Sarma||2|
|No Muslim can think of profaning holy Prophet (... (Jan '11)||26 min||harminder||52,590|
|Messianic Jews say they are persecuted in Israel (Jun '08)||35 min||JOEL||71,100|
|Vietnam increasingly dependent on China, despit...||46 min||CAPKHUNGLIMDRUCHA...||40|
|Blaming Israel for carnage (Jul '06)||49 min||Israhell out of P...||119,662|
|LDS Apostle visited Tonga (Feb '14)||56 min||tongangodz||27,072|
Find what you want!
Search World News Forum Now
Copyright © 2014 Topix LLC