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Bloomberg: Sinopec to Buy Nigeria Oil Blocks from Total

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State-backed refiner China Petroleum & Chemical Corp., also known as Sinopec, has signed a preliminary deal to buy stakes in Nigerian onshore oil blocks from Total SA for about $2.4 billion, Bloomberg reported Tuesday, citing two people familiar with the matter.

A Total official in Paris declined comment to Bloomberg. A Sinopec spokesman was not immediately available for comment.

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Copyright (c) 2012 Dow Jones & Company, Inc.

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