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Thursday, December 3 - 2009

Sinochem in Emerald bid

  • Middle East: Thursday, August 13 - 2009 at 10:00

Sinochem Corp., China's biggest chemicals trader, has offered to buy UK-based Emerald Energy Plc for £532m ($875m) to boost revenue from oil and gas operations fourfold by tapping wells in Syria and Colombia, Bloomberg has reported. Syria accounted for nearly $25.8m of Emerald's revenue in 2008, according to the firm's 2008 annual report.

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