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| Name | Symbol | Market | Type |
|---|---|---|---|
| Cnooc Ltd | NYSE:CEO | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 121.76 | 0 | 01:00:00 |
From May 2019 to May 2024
By Emmanuel Tumanjong
Special to Dow Jones Newswires
Anglo-Dutch oil-giant Royal Dutch Shell PLC (RDSA.LN) has sold its shares in its Gabonese oil holding to CNOOC Africa Holding, a local affiliate of China's CNOOC Ltd. (0883.HK), according to a government statement issued Thursday.
Shell sold its 75% stake in two oil blocks, marking its departure from the oil business in Gabon while granting CNOOC Africa Holding a 100% stake in the blocks.
Describing the deal as a "win-win", Gabon's Minister of Mines, Hydrocarbons and Gas Noel Mboumba said the transactions were carried out under the country's new oil code, which became operational a few months ago in an attempt to open up the nation's oil business.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
November 29, 2019 06:47 ET (11:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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