http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/theworld/2006/April/theworld_April1031.xml§ion=theworld&col=NAIROBI - Kenya signed an agreement on Friday allowing China’s largest offshore oil producer to prospect in the east African country.
The deal was one of a clutch of bilateral agreements signed at the end of President Hu Jintao’s five-nation tour, which has cemented Beijing’s economic and political clout, especially in Africa where it seeks raw materials to feed its roaring economy.
Neither Kenyan nor Chinese officials would immediately give details of the oil pact, which came two days after Beijing struck a $4 billion deal for drilling licences in Nigeria.
Kenya, which produces no oil but has foreign companies sniffing after possible reserves, said last year it planned to sign an agreement allowing China’s state-controlled CNOOC Ltd to prospect in six on- and offshore blocks.
HU!!!111!!11!!
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