Total Sells Nigerian Oil Field Stake For $2.5B To Sinopec
China Petrochemical, better known as Sinopec, will acquire Total's share of the OML 138 block in an all-cash deal. The OML 138 block includes the Usan field, which began production in February, Total said.
The deal is subject to approval by the Nigerian authorities. No timetable for government approval was mentioned in the release, and...
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