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Chevron confirms sale of its South African assets to Sinopec

CAPE TOWN, March 22 Chevron Global Energy confirmed on Wednesday that it had signed a sales and purchase agreement with a wholly-owned subsidiary of China's Sinopec for Chevron's assets in South Africa and Botswana.

Chevron said in a statement the deal hinged on regulatory approval. Sinopec said earlier on Wednesday it has agreed to pay almost $1 billion for a 75 percent in Chevron's South Africa assets and unit in neighbour Botswana, securing its first refinery on the continent. (Reporting by Wendell Roelf; Editing by James Macharia)

我们的标准: 汤森路透“信任原则

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