China’s Sinopec buys stake in five shale projects in the US

Wednesday, January 4th 2012 - 06:09 UTC

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Devon Energy Corp announced Tuesday the sale to China’s Sinopec of a one-third stake in five shale projects in the United States. The terms of the deal call for China’s No. 2 oil company to pay 900 million dollars in cash to the US firm and contribute 1.6 billion toward the cost of drilling. Read full article

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GeoffWard2
Agree a tightly drafted Contract.
Jan 04th, 2012 - 12:23 pm - Link - Report abuse 0
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