Chinese majors buy Marathon Angola stake; CNOOC, Sinopec continue buying spree with $1.3 billion deal

摘要

London-Marathon Oil July 17 finally announced a deal to sell a 20% stake in the prolific block 32 offshore Angola, with China's CNOOC and Sinopec, as expected, confirmed as the buyers. The two state-owned Chinese companies have agreed to pay $1.3 billion for the interest in the block, which was also being eyed by India's ONGC and Brazil's Petrobras.