As China is trying to compensate for losses on oil markets of Libya, Sudan and Iran and is looking worldwide for new energy sources, its National Petroleum Corporation is negotiating the acquisition of over $ 4 billion of shares in the gas project in the shelf of Mozambique. The Director of the Institute of National Energy Sergei Pravosudov talks to the Voice of Russia about the concerns of Chinese leaders amid the breakthrough that Beijing has recently made in the international fight for resources in Africa.
As China is trying to compensate for losses on oil markets of Libya, Sudan and Iran and is looking worldwide for new energy sources, its National Petroleum Corporation is negotiating the acquisition of over $ 4 billion of shares in the gas project in the shelf of Mozambique. The Director of the Institute of National Energy Sergei Pravosudov talks to the Voice of Russia about the concerns of Chinese leaders amid the breakthrough that Beijing has recently made in the international fight for resources in Africa.
China has made a new breakthrough in the fight for resources in Africa. Chinese oil company Sinopec has signed an agreement with American Marathon Oil on the acquisition of its oil and gas assets in Angolan Block 31 field for $ 1.52 billion. On completion of the transaction, the Chinese company will own a 15 % share, as two years ago it acquired 5 % of stock in this project from French company Total.
