France's Total to Sell Nigeria Assets to Sinopec; Floods Still Hindering Operations

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PARIS, France

The Chief Executive of French oil major Total has confirmed that the firm was in talks to sell its assets in Nigeria, worth about $2.4 billion, to China's Sinopec, Reuters has reported. A report last week said Asia's largest refiner China's Sinopec was close to buying stakes in Nigerian onshore oil blocks from Total. “Yes we are discussing with certain buyers about selling certain assets in Nig