ConocoPhillips to Sell Syncrude Oil Sands Stake to Sinopec for $4.65B
Green Car Congress
APRIL 12, 2010
ConocoPhillips has entered into definitive agreements with subsidiaries of China-based Sinopec International Petroleum Exploration and Production Company (SIPC) to sell its 9.03% interest in Syncrude for $4.65 The transaction is anticipated to close in the third quarter of 2010 once Canadian and Chinese government approvals are obtained.
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