China's Sinpoec signs $3.1bn Egypt oil deal with Apache

China Petrochemical Corporation, also known as Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation. Sinopec will pay Apache $3.1bn (£2bn) in cash for the stake. via Pocket http://www.bbc.co.uk/news/business-23894284#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa