Wednesday 14 November 2018
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ebusinessweekly - 13 days ago

Petrobras to sell stake in Africa unit to Vitol-led group for $1.5 bln

SAO PAULO Brazil’s Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company’s debt reduction drive, according to a securities filing on Wednesday. The other 50 percent [ ]

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