Nigeria Eyes China Participation In Oil, Gas Exploration

Nigeria wants China, the world’s fastest growing major energy importer, to be involved in oil and natural gas exploration in the country, according to a top Nigerian oil official Tuesday.

“The Chinese need a lot of energy, so we’ll be discussing with them the possibility for them to get some upstream assets (in Nigeria),” Edmund Daukoru, the country’s Presidential Advisor on Petroleum and Energy, told Dow Jones Newswires.

If realized, China’s involvement could dent oil majors’ dominance in Nigeria’s upstream oil sector. Royal Dutch/Shell Group (RD SC) is by far the dominant foreign oil operator in Nigeria, producing nearly one million barrels a day.
Yahoo