China in potential showdown over Nigeria's Oil

We've heard news that a Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world's richest oil blocks in a deal that would eclipse Beijing's previous efforts to secure crude overseas. This latest and boldest attempt to gain a strategic position in Nigeria's oil industry seems to have set the stage for a showdown with western oil companies over control of some of the country's vast crude reserves. ABN spoke to Hakeem Adedeji, Senior Vice President and Group Head Energy at FCMB.

Category:

News & Politics

Tags:

• China
• Nigeria
• oil

[fmskido]

China would bring the needed transparency and competitiveness into Nigeria's oil Industry.Shell Oil should leave Nigeria immediately.They have polluted all our fresh water supply and instigated a militancy in the Niger Delta of Nigeria.

[0629197552]

she's hot

[ernesdee2o916]

Forgive me but it almost seems Africa doesn't not belong to Africans anymore.

[mooncooninc83]

@fmskido Yep. That's what White/European ppl have always done with Black ppl wherever we are. They always seek to first divide us, then conquer us and finally steal our resources.

[phceidem]

@fmskido Multinationals are all the same, if you give them opportunity, they will mess up your country. If you handle them well, they will behave

[TheNomercy12]

we dont want them ,warning.