JUNE 24, 2009 7:49 PM UPDATED 12 YEARS AGO China's Sinopec to buy Addax for C$8.27 billion By Reuters Staff
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The company has grown quickly since being formed 15 years ago by Chief Executive Jean Claude Gandur. Geneva-based and Toronto-listed Addax, named after an African antelope, averaged production of 136,500 barrels a day last year from 537 million barrels of reserves in onshore and offshore fields in West Africa and Iraq’s Kurdistan region, including the promising Taq Taq field
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