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Exclusive: Vitol, Glencore, Shell in running for Petrobras' Nigerian assets

Reuters  |  LONDON 

By Julia PayneLONDON (Reuters) - The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion in assets through 2018 as it also faces a massive corruption ...

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First Published: Thu, May 17 2018. 16:22 IST
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