Arab Today, arab today cnooc in talks on uganda refinery
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Cnooc in talks on Uganda refinery

Arab Today, arab today

Arab Today, arab today Cnooc in talks on Uganda refinery

Beijing - AFP

Chinese oil giant CNOOC is negotiating with Uganda to invest in the African country\'s first oil refinery, state media said Thursday, as Beijing ramps up investment in the resource-rich continent. State-owned CNOOC, along with Anglo-Irish Tullow Oil and France\'s Total, would invest in the projected $1.5 billion refinery in the Lake Albert rift basin in western Uganda, the China Daily said. The newspaper, citing Elly Karuhanga, chairman of the Uganda Chambers of Mines and Petroleum, said the companies were discussing the division of the investment. A spokeswoman for CNOOC did not immediately respond to AFP\'s request for comment. The report comes after Tullow said Tuesday it had finalised a long-delayed $2.9 billion sale of two-thirds of its Uganda oil licences to Total and CNOOC. The companies are working with the Ugandan government on development options for the basin. Small-scale oil and gas production is expected to start in 2013 before being ramped up in 2016, Tullow said in a statement. China has deepened links with resource-rich African nations in recent years as it looks to secure key commodities to feed its breakneck growth. Trade between the Asian powerhouse and the continent reached over $120 billion in 2011, a more than sixfold jump from less than $20 billion a decade earlier.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cnooc in talks on uganda refinery Arab Today, arab today cnooc in talks on uganda refinery

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cnooc in talks on uganda refinery Arab Today, arab today cnooc in talks on uganda refinery

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday