Consortium of Africa oil led by Vitol acquires 50% stake in Deep Water Nigeria
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Brazil’s Petroleo Brasileiro SA has announced that it entered into a Share Purchase Agreement (SPA) to sell a 50 percent ownership interest in Petrobras Oil and Gas (POGBV) for $1.407 billion to a consortium led by Vitol. Meanwhile, Brazilian investment bank, BTG Pactual E&P B.V will continue to own the remaining 50 percent of Petrobras…
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