APCL Signs a MOU with PetroChina for Strategic Investment

Source: www.gulfoilandgas.com 7/16/2012, Location: Africa

The Board of African Petroleum Corporation Limited (APCL or the Company) is pleased to announce that the Company has entered into a Memorandum of Understanding (MOU) with PetroChina International Investment Company Limited (PetroChina), a subsidiary of China National Petroleum Corporation. The MOU gives PetroChina an exclusive period, expiring on 31 August 2012, to agree an investment in up to 20 per cent of Block LB-09 in Liberia and up to 20 per cent in one or more exploration Blocks in Cote d’Ivoire, The Gambia, Liberia, Senegal and Sierra Leone. Any investment made by PetroChina will be at a value to be agreed and will be subject to receiving appropriate governmental, regulatory and other third party consents.


New Zealand >>  7/5/2022 - OSM Maritime (OSM) would pleased to announce that Kingston Offshore Services, a New Zealand-based provider of oil and gas and offshore marine services...
Sweden >>  7/5/2022 - Eolus has signed an agreement with DalaVind AB to expand its participating interest in the Fageråsen wind power project to 49%. Together, the companie...

United States >>  7/5/2022 - Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP, two privately held companies ("Stronghold"), have announced that Ring Ener...
Ethiopia >>  7/4/2022 - Yara has signed a Share Purchase Agreement with XLR Enterprises Limited to sell its ownership interest in the Dallol mining project in Ethiopia. The D...

Nigeria >>  7/1/2022 - ADM Energy PLC, a natural resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil fie...
Norway >>  7/1/2022 - Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a technology...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.