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.

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.

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.

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 ...

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 ...

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 ...

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.

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 ...

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 ...

China’s Sinopec to buy Marathon Oil’s 10% share in an Angolan offshore oil and gas field. It is just one of many Chinese energy companies that are investing in foreign energy projects to secure ...

China Petrochemical Corporation, also known as Sinopec, agrees a deal to buy US firm Marathon Oil Corporations's stake in an Angolan oil and gas field.

CNOOC and Sinopec have agreed to purchase a stake in an oil block offshore Angola from Marathon Oil as the Chinese state-owned companies continue to buy up overseas energy assets.