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PetroSA cleared to buy Pioneer rights

July 18 2012 at 05:10pm
By Reuters

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CorporateBusiness

South African competition authorities said on Wednesday national oil company PetroSA could increase its shareholding in the assets it owns jointly with Pioneer Natural Resources off South Africa's south coast.

“These assets comprise key agreements, mineral rights and related assets that enable a firm to engage in offshore oil and natural gas exploration and production,” the competition authorities said in a statement. - Reuters


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