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Sinopec to Acquire Nigerian Oil Blocks From Total

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AFRICANGLOBE - China Petroleum and Chemical Corporation (Sinopec) has signed a preliminary deal to buy stakes in Nigerian onshore oil blocks from French oil major, Total for about $2.4 billion, according to reports , citing unnamed sources familiar with the deal.

Nigerian Consortium Buys Stake in Two Oil Blocks

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A Nigerian firm backed by Britain's Afren and a mainly local consortium have bought major stakes in onshore oil blocks from Shell, Total and Agip for more than $700 million, officials announced Thursday.
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