Finance
Sinopec close to buying Total Nigeria stakes: report
China’s Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion.
Asia’s largest refiner has signed a preliminary deal to acquire the stakes, the report said without providing more details.
The French group said in September it planned to sell assets worth between $15 billion and $20 billion in the period up to 2014 as part of a bolder approach to managing its business, which has seen it buy and sell assets more frequently.
Total shares were little changed, trading down 0.06 percent .
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