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DLA Piper advises Sinopec on acquisition

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Hydrocarbon Engineering,

DLA Piper has advised China Petroleum and Chemical Corporation (Sinopec) on its acquisition from Chevron Global Energy Inc. of 75% of the shares in Chevron South Africa (Pty) Limited and 100% of the shares in Chevron Botswana (Pty) Limited. The deal heralds Chevron's exit from, and Sinopec's entry into, the South African and Botswanan downstream markets.

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Downstream news Oil refinery news Downstream contract news