Chevron (CVX) is selling its stake in two Nigerian shallow water oil blocks holding ~200M...


Chevron (CVX) is selling its stake in two Nigerian shallow water oil blocks holding ~200M barrels of oil, the latest oil major seeking to dispose of assets in Africa's largest producer but where oil theft and a delayed energy law create uncertainty. Shell (RDS.A, RDS.B), Total (TOT) and Eni (E) have sold several blocks; ConocoPhillips (COP) is planning a ~$1.8B sale.

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  • Veritas1010
    , contributor
    Comments (3201) | Send Message
     
    Sell and get out. Call up the Chinese sovereign wealth funds while hanging out the signs too.
    11 Jun 2013, 12:46 PM Reply Like
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