Sinopec Buys Nigeria Oil Stake

China Petrochemical Corp., seeking to reverse a decline in oil reserves, will buy a 20 percent stake in an offshore Nigerian field from French explorer Total SA for about $2.5 billion.

Full Show: Bloomberg Markets Middle East (04/24)
53:58 - Guests include: Fereidun Fesharaki, founder and chairman at FGE; Egypt Minister of Tourism Mohamed Rashed. (Source: Bloomberg)
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