French oil major Total S.A. Wednesday said it has finalized an agreement in principle with Perenco, to sell its 75.8% equity in its upstream affiliate Total E&P Cameroun, a Cameroonian company which other shareholders include the national oil company - Société Nationale des Hydrocarbures - 20% and Paris Orléans - Groupe Rotchshild. The agreement is subject to the Cameroonian Authorities' approval.
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Source: RTT News
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