|
|
Article: Sweden's Lundin Petroleum AB sells assets in Africa to Africa Oil Corporation.
- Article from:
- Nordic Business Report
- Article date:
- February 5, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NORDIC BUSINESS REPORT-5 February 2009-Sweden's Lundin Petroleum AB sells assets in Africa to Africa Oil Corporation(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish independent oil and gas company Lundin Petroleum AB (OMX Stockholm:LUPE) announced on Thursday (5 February) that it has agreed to sell its wholly-owned subsidiaries Lundin East Africa BV and Lundin Kenya BV to the Canadian oil E&P company Africa Oil Corporation.
The combined sales price amounts to approximately USD20m, which will be financed through a loan from Lundin Petroleum to Africa Oil.
Lundin East Africa holds interests in Blocks 2, 6, 7 and ...