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Exclusive: Chevron puts Myanmar gas block stakes worth $1.3 billion up for sale - sources
2016-04-18 09:56:49| Oil & Gas - Topix.net
U.S. oil and gas major Chevron Corp has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter said. The sale, part of Chevron's efforts to preserve cash and retreat from non-core assets in the wake of sliding oil prices, is seen as setting the tone for future deals in a country that is opening up for business after historic elections last year.
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Category:Energy and Environment