![China willing to invest billion in Nigerian oil operations: NNPC China willing to invest billion in Nigerian oil operations: NNPC](https://globalrubbermarkets.com/wp-content/uploads/2024/08/china-willing-to-invest-3-billion-in-nigerian-oil-operations-nnpc.jpg)
ABUJA (Reuters) – China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
During a visit to Nigeria’s state-owned NNPC, CNOOC Chief Executive Guangyu said the Beijing-based oil company had invested more than $14 billion in its Nigerian operations and expressed readiness to invest more.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com