Sinopec to Buy Chesapeake Energy Assets for $1.05 Billion-Bloomberg

China Petroleum & Chemical Corp. (0386.HK), or Sinopec, is to pay $1.02 billion to buy 50% of Chesapeake Energy Corp.'s ( CHK ) Mississippi Lime assets, Bloomberg reported Monday. The Oaklahoma assets produce 46,000 barrels of oil a day, according to an email from unit Sinopec International Petroleum Exploration & Production Corp.

Full story at http://www.bloomberg.com/news/2013-02-25/sinopec-to-buy-chesapeake-oil-and-gas-assets-for-1-02- billion.html

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