In a deal announced on 19 February, state - owned China National Petroleum Corp (CNPC)-- one of the three top oil producers in China — agreed to pay $ 1.76 bn (# 1.4 bn) for an 8 % stake in the $ 22bn (# 17.5 bn) Abu Dhabi Company for Onshore Petroleum Operations concession. (legalweek.com)
The International Energy Agency said last week that the United States is likely to become the world's top oil producer by 2016, overtaking Saudi Arabia and bringing the nation closer to energy independence. (nbr.com)
Buhari took office in May 2015 after vowing to improve security and crackdown on endemic corruption, but Africa's top oil producer fell into its first recession in 25... (cnbc.com)