24/7 Wall St.
09-24-2009, 10:00 AM
24/7 Wall St. Daily News
Angola’s state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon announced that it had reached a definitive agreement with China’s CNOOC Ltd. (NYSE:CEO) and China Petroleum & Chemical Corp. (Sinopec; NYSE:SNP) to sell Marathon’s working [...]
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Angola’s state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon announced that it had reached a definitive agreement with China’s CNOOC Ltd. (NYSE:CEO) and China Petroleum & Chemical Corp. (Sinopec; NYSE:SNP) to sell Marathon’s working [...]
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