Chevron Sells Oil Interests in the Sudan to Local Firm
MEES learns from oil industry sources that Chevron Corporation has agreedto sell all of its petroleum exploration and producing rights in the Sudan to alocal Sudanese company, Concorp International, for a sum amounting to between$23mn and $26mn. Chevron's expenditure on the exploration and development of itsoil finds in the Sudan - from the year of its acquisition of the concession in1975 until February 1984...
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