Sinopec buys shale interest from Devon for US$2.2b



Xinhua, January 4, 2012

Sinopec Group, China's largest oil refiner, announced Tuesday one of its subsidiary has agreed to buy from Oklahoma-headquartered Devon Energy Corporation one-third of its interest in five new venture plays in the United States with a consideration of 2.2 billion U.S. dollars.
Sinopec Group announced Tuesday one of its subsidiary has agreed to buy from Oklahoma-headquartered Devon Energy Corporation one-third of its interest in five new venture plays in the United States with a consideration of US$2.2 billion.
Sinopec Group announced Tuesday one of its subsidiary has agreed to buy from Oklahoma-headquartered Devon Energy Corporation one-third of its interest in five new venture plays in the United States with a consideration of US$2.2 billion.