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China Sonangol still hungry

China Sonangol and its subsidiaries continue to make Angolan acquisitions. In February, China Sonangol won three deep-water pre-salt oil (equity) concessions in Blocks 19, 20 and 38, adding to its existing shares in Blocks 3, 31 and 32. Meanwhile Sonangol Sinopec International (SSI), a joint venture between China’s state-owned Sinopec and China Sonangol, has equity stakes in blocks 15, 17 and 18....

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