CNOOC placement financing by nearly $ 2,000,000,000.

<P> CNOOC (China) Limited (CNOOC Ltd., Referred to as: CNOOC) Using the opportunity of high oil prices have nearly 20 through the placement financing billion dollars, in order to achieve its ambitious expansion series .plans, including oil exploration in Nigeria and the exploitation of natural gas in Australia. .</ P> <P> the placement coincides with Chinese President Hu Jintao has just signed several agreements the Government of Nigeria, including the Chinese government promised to invest $ 4,000,000,000 in infrastructure in Nigeria, as Nigeria's four oil fields in exchange for .mining permit. .</ P> <P> CNOOC shares in the Hong Kong Stock Exchange suspended trading on Thursday, waiting Announcing Rights issues. .Informed sources, CNOOC Thursday set the rights issue price of 6.15 Hong Kong dollars per share (79 cents), financing a total of 1.98 billion. .According to production design, CNOOC is China's largest offshore oil producer. .</ P> <P> Another insider said the funds raised will be used for "general capital purposes," but did not provide details. .</ P> <P> Currently, the company is actively expanding international business. .Last week, CNOOC announced the completion of 27 billion acquisition of 45% interest in a Nigerian oil deal. .Earlier this month, the company had purchased a natural gas project in Australia 25% interest. .</ P> <P> CNOOC out of the country is growing in the domestic security of energy supply under one of the measures. .China's rapid growth in demand for oil, after the United States has replaced Japan as the world's second largest oil consumer. .China's oil consumption has more than one-third of imports, mainly from the Middle East and Africa. .</ P> <P> Nigeria is Africa's largest oil producer, but China's crude oil consumption, the proportion of crude oil from Nigeria is very low. .</ P> <P> under Hu Jintao signed an agreement, China will buy 11 million barrels of Nigerian crude oil processing capacity at Kaduna (Kaduna) controlling stake in the refinery, and where the construction of railways, power stations, cement factories, .housing and shopping malls. .</ P> <P> exchange, Nigeria will be in the May issue of licenses to China National Petroleum Corporation (China National Petroleum Corporation.) Provides four oil exploration priority. .</ P> <P> Before that, Hu Jintao visited the oil-importing countries as one of the largest Saudi Arabia. .</ P>.