Breaking News

QIC Ltd. Sells Queensland Motorways for A$7.06b to Consortium
Tweet TWEET

Sinopec Joins Chevron Indonesian Offshore Gas Project, WSJ Says

China Petroleum Corp., known as Sinopec, is to join Chevron Corp.’s $6 billion deepwater natural gas project off Indonesia, the Wall Street Journal reported, citing people familiar with the plan.

Sinopec will take an 18 percent stake in each of three deepwater blocs off East Kalimantan, the newspaper said.

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.