Nigeria renegotiates oil contracts: government seeks bigger slice of profits from surging prices

Article Abstract:

The Nigerian government is overhauling its petroleum industry, targeting a more balanced relationship between itself and foreign energy firms. Changes include the formation of a national oil firm to improve management of oil and gas resources and increasing Nigeria's share of its oil profits.

Contracts & orders received, Foreign trade, Nigeria, Contracts & orders let, International trade, Contracts, Contract agreement

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Sinopec seeks overseas oil fields but rejects outright purchase

Article Abstract:

China Petroleum and Chemical Corp. is to increase its lessening reserves by planning foreign joint ventures or stake purchases rather than a direct acquisition. It was shut out by the United States government in its attempted purchase of Unocal Corp. last year.

China Petroleum and Chemical Corp.

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Shell looks to grab bigger share of China's huge energy sector

Article Abstract:

Royal Dutch-Shell Group of Cos. of the Netherlands is planning further investment in China in a bid for greater market share in China. The petroleum giant is to invest another $500 million in China in 2006.

Netherlands, Foreign operations, Financial management, Company investment, Investments, Royal Dutch-Shell PLC

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