It's China's World (We Just Live in It)  

Oleh:

Powell, Bill

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 160 no. 7 (Oct. 2009), page 54.
Topik: China; Nigeria; Oil; Acquisition; CNOOC

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Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.41 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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You wouldn't think the men who run the oil-rich country of Nigeria would have much spring in their step these days. The nation is plagued by a never-ending guerrilla war, one that has trimmed the country's oil production to two-thirds of its potential capacity. But now Nigeria is in the process of renewing production licenses for some of its most prolific offshore fields, and there's a new player in town making the traditional oil powers from the West (Royal Dutch Shell (RDSA), Exxon Mobil (XOM, Fortune 500), Total (TOT)) very nervous -- and the Nigerian government very happy. CNOOC (CEO), one of China's three largest oil companies, is trying to pick off some of the licenses; indeed, the Beijing-based company wants to secure no less than one-sixth of the African nation's production. And CNOOC, apparently, isn't screwing around. Tanimu Yakubu, an economic adviser to the Nigerian President, recently told the Financial Times that the Chinese company is "really offering multiples of what the existing producers are pledging [for licenses]." Then he added giddily: "We love this kind of competition."

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