CNOOC mulls $15 billion JV with Repsol.China's CNOOC CNOOC China National Offshore Oil Corporation is exploring a potential $15 billion joint venture with Repsol, involving the Spanish oil company's global exploration and production assets, a source familiar with the matter said. CNOOC's pursuit of a Repsol joint venture would include the Chinese company's existing plan to purchase 25 percent of Repsol's YPF YPF Yacimientos Petrolíferos Fiscales (Argentina) YPF Esquimalt, British Columbia, Canada (Airport Code) YPF Young Peoples Fellowship oil business in Argentina, the source said. State-owned Chinese energy giant CNPC CNPC China National Petroleum Corporation CNPC Centro Nacional de la Productividad y la Calidad (Chile) CNPC Commander, Navy Personnel Command CNPC China National Philatelic Corporation (Chinese stamp authority) is also trying to buy a stake in YPF. "(CNOOC) is interested in something more than YPF," the source told the press. CNOOC, China's top offshore oil group, is exploring a "partnership with Repsol involving upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger E and P assets in its global portfolio," the source said, adding that such a deal could be worth roughly $15 billion. Saudi Economic Survey. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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