China Petrochemical Corporation, also known as Sinopec, has agreed a deal to buy US firm Marathon Oil Corporations's stake in an Angolan oil and gas field. Under the terms of the deal, Sinpoec ...

Chinese refiner Sinopec will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals to shield it from high oil prices that hit its margins in the past quarter.

Sinopec acquired the stakes of 27.5 percent, 40 percent and 20 percent in the off-shore blocks through its joint venture with Angola's state national oil company.

Block 31 in Angola is run by BP, and according to Sinopec, is estimated to hold reserves of 533 million barrels of oil. Related Article: Angola and Brazil Work Together on LNG Production.

China's Sinopec agreed to acquire deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec International for $2.46 billion.

CHINA’S Sinopec Group has agreed to buy Marathon Oil Corporation’s Angolan offshore oil and gas field for $1.52 billion (R15.4bn), marking its second major acquisition in Africa. Sonangal ...

Sinopec , Asia's top oil refiner, will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals, which could shield it from high oil prices that hit margins in.

Chinese energy majors Cnooc and Sinopec gain on news that their joint venture will buy a 20% stake in a promising Angolan oil block, though the acquisition may take time to bear fruit.

UPDATE 2-CNOOC, Sinopec to buy Angola stake from Marathon ...

HONG KONG (Dow Jones)--China National Offshore Oil Corp., or Cnooc, and China National Petrochemical Corp., or Sinopec, are joining forces to bid for an Angolan oil and gas asset owned by U.S ...

HONG KONG -- China Petrochemical Corp., better known as Sinopec Group, will pay US$692.2 million for stakes in three deep-water oil blocks off Angola, said an official at Angola's state oil ...

LONDON/NEW YORK, July 17 (Reuters) - CNOOC <0883.HK> and Sinopec <600028.SS> have agreed to purchase a stake in an oil block offshore Angola from Marathon Oil as the Chinese state-owned companies ...