Sinopec, the Chinese state-owned oil group is to buy Canada’s Addax Petroleum for C$8.3bn ($7.3bn, €5.3bn, £4.4bn), giving the Chinese group control over new oilfields in Kurdish northern Iraq. Addax’s London-listed shares... [read full story]
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Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC) announced today that the definitive agreement (the "Acquisition Agreement") with Sinopec International Petroleum Exploration and...
CALGARY, Canada, June 25 /PRNewswire-FirstCall/ -- About Addax Petroleum Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Addax...
CALGARY, June 25 /PRNewswire-FirstCall/ -- About Addax Petroleum Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Addax Petroleum is...
CALGARY, June 25 - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC) announced today that the definitive agreement (the "Acquisition Agreement") with Sinopec Inter...
Chinese oil refiner Sinopec has made a $7.2bn (£4.4bn) bid for oil exploration and producing firm Addax, which focuses on Africa and the Middle East. The deal, which still requires approval by regulators, would be the largest...
Chinese oil refiner Sinopec has made a $7.2bn (£4.4bn) bid for oil exploration and producing firm Addax, which focuses on Africa and the Middle East. The deal, which still requires approval by regulators, would be the largest...
Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing.
China's Sinopec Group will acquire oil explorer Addax Petroleum for $7.2 billion (U.S.), again flexing the country's economic clout in what would be the largest overseas takeover ever by a Chinese company.
Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing. News that...
China has made its first big foray into Iraq in a politically controversial C$8bn (£4.4bn) deal to buy London-listed oil explorer Addax Petroleum. The board of Addax, which has premium oil assets in Iraq's semi-autonomous...
