China wins $2 billion oil deal in Uganda

China wins $2 billion oil deal in Uganda
Kampala (AFP) Sept 27, 2013 - China's state-owned CNOOC has secured a $2-billion deal to develop a petroleum field in Uganda and help propel the east African nation into the club of oil-producing countries, an official said Friday. "This is a major breakthrough as a country," Uganda's junior energy minister Peter Lokeris told AFP, confirming that a deal had been reached earlier this month with the China National Offshore ... morehttp://www.oilgasdaily.com/reports/China_wins_2_billion_oil_deal_in_Uganda_999.html