China seeks big stake in Nigerian oil

(Financial Times)A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world’s richest oil blocs in a deal that would eclipse Beijing’s previous efforts to secure crude overseas.

O.K. I think it would be boring for you seeing all this topics nd news related to China, but it would be indifferent and not at all inteligent to overpass this news, China's news are important nowadays all over the world, i think there's not a single country that is not interested in what happens in China, that's why I put this new here so you can read it and make your own thought.

China is attempting to buy a large quantity of stakes of the richest oil blocs in Nigeria, with this China could compete now with the most important and big companies in the Business ( the wester ones) as Exxon, Shell, Total, etc. These two Chinisse oil enterprises are Sunrise and CNOOC, the last one is attempting to to buy 6bn barrels of oil, equivalent to one in every six barrels of the proven reserves in Nigeria, imagine how much barrels are, China would own one of six barrels of all oil that Nigeria has. I think this i a good business by China to have a better economic stability and would compete with all of these big and powerful countries, this means more power , more trade , mo relations , more of all.

Link: http://www.ft.com/cms/s/0/9d714f96-ac60-11de-a754-00144feabdc0.html?nclick_check=1