China's Sinopec buys first major African refinery in Chevron deal

BEIJING (Reuters) - China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.

China's Sinopec buys first major African refinery in Chevron deal
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