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Deals Rumor Mill: Petronas, Sushiro, Monte Dei Paschi

By Benjamin Horney (September 30, 2016, 5:30 PM EDT) -- Malaysian state-controlled oil company Petroliam Nasional Bhd., known as Petronas, is mulling the sale of its majority stake in a $27.5 billion Canadian liquefied natural gas plant, Reuters reported on Friday. According to the report, Petronas is looking to sell the stake because ongoing struggles for the oil industry when it comes to crude oil prices have caused a dip in company profits and has led to cost- and job-cutting. The Canadian government OK'd the proposed Pacific NorthWest LNG Project earlier this week....

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