China's Sinochem may sell 40% stake in Brazil's Peregrino oilfield

China's Sinochem may sell 40% stake in Brazil's Peregrino oilfield

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China’s Sinochem is exploring the sale of its 40 percent stake in Brazil’s Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away what was once touted as a key overseas asset because of historically low oil prices.

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