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.
Copyright (c) 2012 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you