•Egbogah says Nigeria wants fair market value for her oil
Talks between Nigeria and China over Beijing’s bid to buy 6 billion barrels of the OPEC member’s oil reserves have been stalled for months due to a dispute over price, a senior Nigerian government official said on Monday.
China last year offered to invest as much as $50 billion to acquire a large stake in Africa’s biggest energy sector, a bid which included incursions into some oil blocks held by Royal Dutch Shell, ExxonMobil and Chevron ...
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Added May 10, 2010
from Businessday Nigeria