Transcript

If you say CNPC went to Nigeria for investment, that was just the company was dealing with the government and they got some offers, together with some Asian, other Asian companies- Japan, Indian companies. Then the Nigerian president just gave some conditions to say, OK, if you do this, then we'll give you that. So same case also in Nigeria. But then, because you don't have a specific political relationship supporting that, then it was subject to the domestic politics a lot. So when the politics changed, the leadership changed, then the projects may change because of that. So the companies had to face with those risks alone without political support.