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BP spins off Norway business into billionaire's oil explorer

Published Sun, Jun 12, 2016 · 09:50 PM

London

BP plc sold its Norwegian oil fields, some more than 40 years old, to a company controlled by billionaire Kjell Inge Roekke in a 10.8 billion kroner (S$1.8 billion) stock deal.

The new business, called Ak…

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