South Korea Interested to Invest Oil Exploration Project in Ghana
Ghana’s largest oil field, the Jubilee oil field has been up for grabs, and oil majors from across the world are falling over each other to grab it. And now it is the South Koreans.
Since Komos Energy put up their stake in the Jubilee field for sale, Ghana has been in the spotlight, as major oil companies including state-owned companies shove each other aside to acquire the stake.
In July 2009, the Indian state-run Oil & Natural Gas Corporation (ONGC), expressed interest in buying Kosmos Energy’s stake in the field.
And then in August 2009, the Chinese revealed their interest in the field. The China National Offshore Oil Company (CNOOC) showed keen interest in buying the stake. The Chairman of CNOOC, Fu Chengyu told the Reuters news service that China was bidding for the stake. “We are participating in the bid,” he was reported to have said. The bid was put at $3 billion to $5 billion.
Read More….
March 21st, 2010
China to strengthen the position in the mining sector with the approval of bids Yanzhou Coal Mining Company for mining companies to have full Felix Resources. Assistant Treasurer, Senator Nick Sherry provides confirmation of the approval of the bids submitted by Yanzhou Coal Mining Company.
India is the global expansion of coal mining in some countries that have the potential for coal mining. Little has been done several coal mining investments in Australia and established a subsidiary in Mozambique coal mines in two coal mining concessions. Currently, the Indian coal mining companies interested in buying small coal properties in the United States. Chairman little is negotiating with the U.S. coal mining company.
Yanzhou review board has been requested to resubmit a purchase offer Australian coal miner Felix Resources. Values given Yanzhou bid worth 3.5 billion Australian dollars.