摘要
Sinopec to Buy Swiss Addax Sinopec Group （中国石化集团）, China＇s largest oi refiner, agreed to pay CHF 8.27 billion （USD 773 billion） in cash for Swiss-based Addax Petroleum, the largest independent oil explorer in West Africa. The deal will be the largest overseas oil acquisition in China, with Addax＇s prospective oil fields in Nigeria and northern Iraq＇s Kurdish region set to help the Chinese oil giant secure overseas oil assets in the face of volatile oil prices. Addax, which produced around 135,000 barrels per day in the first quarter of this year, saw sales revenues of USD 3.76 billion last year.
