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

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

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

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

CNOOC Makes Major Oil Discovery in Bohai Sea

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

CNOOC Puts New South China Sea Development Into Production Mode

MODEC Forms Dedicated Mooring Solutions Unit

Current News

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

EnQuest Secures Extension for Vietnam's Offshore Block

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

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

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

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