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Norway's Statoil Buys Minority Stake in Lundin Petroleum

2016-01-15 01:58:44| Appliances - Topix.net

Statoil ASA, Norway's biggest energy company, bought a 12% stake in Lundin Petroleum AB, increasing its exposure to the giant Johan Sverdrup field. The Norwegian oil producer bought about 37 million shares in the Stockholm-based company, Statoil said in a statement on Thursday.

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