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Total SA Announces Sale of Its Participating Interest In The Offshore OML 138 To China Petrochemical Corp’s Subsidiary
Total SA announced that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corp (Sinopec), for approximately USD 2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by the Nigerian authorities.
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