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04-12-2010, 05:08 PM #1
ConocoPhillips to Sell Syncrude for $4.65 BILLION
ConocoPhillips to Sell Syncrude Stake to Sinopec
April 12, 2010, 1:04 pm
ConocoPhillips announced Monday that it had agreed to sell its 9 percent stake in Syncrude Canada to the Sinopec International Petroleum Exploration and Production Company of China for $4.65 billion.
“This is an important step in the $10 billion divestiture program which we announced last October, and we are pleased that S.I.P.C. has recognized the value of this quality asset,â€NO AMNESTY
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