Sinopec to buy into Repsol projects for £4.5bn

first_img whatsapp Friday 1 October 2010 9:54 am John Dunne Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes Sinopec to buy into Repsol projects for £4.5bn whatsapp Show Comments ▼ Chinese oil giant Sinopec has agreed to pay $7.1bn (£4.5bn) for a 40 per cent stake in the Brazilian energy projects of Repsol.It means that the subsidiary – Repsol Brasil – now has enough money to develop its major offshore assets in the Guara and Carioca basins, near Rio de Janeiro and Sao Paulo.However, the Spanish company will keep a 60 per cent controlling stake .Repsol’s chairman, Antonio Brufau said: “We are very pleased to share the development of Repsol’s Brazilian projects with an internationally renowned and experienced partner as is Sinopec.” Tags: NULLlast_img

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