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ConocoPhillips completes sale of algeria business unit

Wednesday, 27 Nov 2013 08:30am EST 

ConocoPhillips:Says it has completed the transaction with Pertamina for the sale of its Algeria business unit for a total sales price of $1.75 billion.Says which resulted in proceeds of $1.65 billion, including customary adjustments.Says proceeds will be available for general corporate purposes, including investments in the company's organic growth programs. 

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-0.96 -1.99%
12:23pm EDT