Sinopec eyes French oil explorer

Beijing: Sinopec, the nation's biggest refiner, is reported to be interested in buying French oil explorer Etablissements Maurel & Prom for around $2bn.

Purchasing Maurel would allow Sinopec to boost oil output in African countries including Gabon, while avoiding the regulatory hurdles that have hindered Chinese deals in the US and Canada.  [02/11/12]

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