China, ExxonMobil Discuss $10 bln Investment in Guangdong

Posted by Michelle Howard
Friday, September 7, 2018

Chinese officials and executives of ExxonMobil Corp discussed a $10 billion investment by the U.S.-based firm in the southern province of Guangdong, Chinese state television reported on Friday.

The state TV report, during its summary of a meeting between Chinese Premier Li Keqiang and ExxonMobil Chief Executive Darren Woods, quoted Li as saying he welcomed Exxon's large investment in China.

The report said China and Exxon discussed the $10 billion investment but did not attribute the information to any direct source.

Exxon said on Thursday it signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas terminal in China. It said the investment would be worth billions of dollars but did not give a specific figure.

Reporting by Beijing Monitoring Desk

Categories: Finance Contracts LNG

Related Stories

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

QatarEnergy Selects Technip Energies JV for North Field West Expansion Work

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

Inpex Secures Environmental Approval for Indonesia’s Abadi LNG Project

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Current News

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran Assures Safe Hormuz Transit for Philippine Vessels

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Iran War Reshapes Global LNG Trade

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com