Eni of Italy oil producer company says it has sold a 20% stake, in an aura, China's largest state-owned energy companies in mozambique, South Africa is $42 billion.
Announced on Thursday, China national petroleum co., LTD. Sales increased by a string of foreign acquisitions of Chinese mining and energy companies, because they are trying to become global competitors.
Eni said, will retain 50% of the area of the four games, while the other three partners each owns 10%.
The Italian company, said it has signed an agreement, with petrochina, China petroleum and natural gas co., LTD., jointly developed in a shale gas block in southwest China.
China's state-owned energy companies, flush with cash, to the economic prosperity of the country, spending billions of dollars to purchase overseas assets hope to benefit from the needs of the future.
Acquisition is the purpose of the acquisition of imported into China, is one of the world's largest energy consumer of oil and gas. But the company also invested assets in Africa and Latin America, supply the north American and European markets.
, ENI describe 4 areas in mozambique is one of the largest natural gas found in the past ten years.
In December, a 49.9% stake in petrochina agreed to pay $2.2 billion in Canada, Canada's energy companies are developing shale aura
Last month, the other a Chinese state-owned oil producer China national offshore oil co., LTD., completed the $15.1 billion acquisition of Canada's energy producers Nexen co., LTD. This is Canada's largest overseas energy trading day.
Calgary Nexen company in western Canada, the north sea, Africa and the Middle East.
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