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Re: eFinanceMarkets post# 645

Monday, 04/24/2017 3:25:52 PM

Monday, April 24, 2017 3:25:52 PM

Post# of 954
Chevron selling Bangladesh gas fields to Chinese group

Looking to shed more non-core assets, Chevron (NYSE:CVX) has agreed to sell its three Bangladesh gas fields, estimated to be worth $2B, according to Reuters.

The buyer, Himalaya Energy, is made up of state-owned China ZhenHua Oil and investment firm CNIC Corp. It would mark China's first investment in Bangladesh.

It had been reported a couple of months back that ZhenHua and Chevron had reached a preliminary agreement on the fields.
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