China's Sinopec looking to sell Nigeria business

China's Sinopec looking to sell Nigeria business

A pedestrian walks past a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Monday, March 17, 2014. Photographer: Brent Lewin/Bloomberg

China’s Sinopec Group has hired BNP Paribas to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned oil giant pares back its presence in Africa.

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