July 23, 2019 / 7:29 AM / a year ago

China nuclear firm seeks joint financing with UAE for global expansion

SINGAPORE, July 23 (Reuters) -

* China National Nuclear Corp (CNNC) agreed on Monday with counterparts from the United Arab Emirates to jointly finance nuclear sector investment outside China, according to a statement carried on a government website on Tuesday

* Under the agreement, companies will set up an investment platform that facilitates CNNC’s ambition to expand its nuclear technology and manufacturing capacity overseas, said the statement, without providing further details

* Also on Monday, China National Offshore Oil Co (CNOOC) signed an agreement with Abu Dhabi National Oil Co (ADNOC) on upstream exploration and development, oil refining and liquefied natural gas trade

Reporting by Chen Aizhu; editing by Richard Pullin

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