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OEL in MOU to buy oil & gas stake

Wednesday, September 24, 2014 - 00:00

CATALIST-listed OEL Holdings has entered into a non-binding memorandum of understanding (MOU) to buy a stake in a company indirectly involved with China oil giant PetroChina in developing two oilfields in China's Jilin province. OEL will buy a 60 to 100 per cent stake in Hong Kong firm Allied

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