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    market news

    Sinopec Group’s Overseas Equity Oil and Gas Output Surges 24.02 Percent

    Investing News Network
    Aug. 07, 2012 12:10AM PST
    Resource Investing

    Fox Business reported that Sinopec Group’s overseas equity oil and gas output surged 24.02 percent.

    Fox Business reported that Sinopec Group’s overseas equity oil and gas output surged 24.02 percent.

    As quoted in the market news:

    Sinopec International Petroleum Exploration & Production Corp. holds most of Sinopec Group’s overseas assets, including a recent 33% investment in five shale blocks owned by U.S.-based Devon Energy Corp. (DVN), the 100% acquisition of Canada’s Daylight Energy Ltd. and a 40% stake in Repsol S.A.’s (REP.MC) Brazilian assets.

    Click here to read the full Fox Business report.

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