Quote:
Originally Posted by AnimeFan188
"China's CNOOC Ltd (0883.HK: Quote) and Ghana National Petroleum Corp
(GNPC) have submitted a $5 billion bid for Kosmos Energy LLC's assets in the
West African country, a source with direct knowledge of the matter told Reuters
on Friday.
China has become a major investor in African energy and mineral resources,
which it needs to feed its booming economy."
See:
http://af.reuters.com/article/energy...69L03U20101022
Looks like it's China's turn now. I wonder how that'll pan out? |
That's an American company selling its
30% share of a few oil platforms off the coast of Ghana. The majority of the platform is still controlled by its other American and British partner corporations, and they sold it after rejecting a 4 billion USD bid from Exxon. Really, I would be more worried about the AAA farms the EC helped establish in Africa, grabbing productive farmland for their multinationals. Oil lines rich people's pockets, but food is something everyone needs. Not to mention the private water utilities trying to grab share in African countries.