Issues Still on the Table in NOCC Bid for Nexen

- November 21st, 2012

Mining Weekly reported that sticking points for China’s NOCC as it continues negotiations for terms for its $15-billion bid for oil and gas producer Nexen centre around Canadian jobs and investment.

Mining Weekly reported that sticking points for China’s NOCC as it continues negotiations for terms for its $15-billion bid for oil and gas producer Nexen centre around Canadian jobs and investment.

As quoted in the market report:

Differences centre on commercial aspects of the deal, particularly commitments that the Chinese state-owned energy company will make on employment and capital expenditure, said the source, who declined to be identified due to the sensitivity of the issue.

To view the whole Mining Weekly report, click here.

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