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allafrica - 1 month ago

Nigeria: Petrobras Sells Assets in Nigeria, Ends Activities in Africa

[PR Newswire] Brasilia, Brazil -Petrobras finalized the sale of its shares at Petrobras Oil Gas B.V. (PO GBV), the company producing oil in Nigeria, on Africa s west coast. The Brazilian state-controlled firm had 50 percent of the company, in a joint venture with BTG Pactual E P B.V, and sold its shares to Canada s Africa Oil Corp. for $1.45 billion.

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