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OGX, Petronas may go to arbitration

Petronas says it's awaiting OGX's debt restructuring

MALAYSIA'S state oil firm Petroliam Nasional (Petronas) has rescinded a US$850 million agreement with Brazil's OGX Petroleo & Gas Participacoes SA to buy a 40 per cent interest in two of its oil blocks, the Rio de Janeiro-based company said in a stock exchange filing in Brazil late on Monday

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