Continental Focus, International Reach

Sinopec and Chevron Close to Deal in South Africa

Sunday, March 19, 2017

Reports have Chinese firm Sinopec and US major Chevron close to a deal for the US firm’s downstream assets in South Africa.

Chevron’s South African assets are reportedly worth an estimated $1 billion.

If Sinopec emerges with a signed deal it will give it its first refinery in Africa.


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