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Sinopec Buys Marathon Oil Corp's Angola Oil Fields For $1.52 Billion-Reuters


Sunday, 23 Jun 2013 09:30am EDT 

Reuters reported that China's Sinopec Group has agreed to buy Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion, the Asiain refiner producer said. Sonangal Sinopec International Ltd, the group's subsidiary, will acquire Houston-based Marathon's 10% stake on the Angolan field called Block 31, it said. 

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