Total To Sell Exploration And Production Interest In Cameroon To Perenco

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