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Govt. backs Chevron over ExxonMobil for Hess shares

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….Pres. Ali says Exxon’s dominance could raise competition concerns (Financial Times) – President Irfaan Ali has said he would welcome Chevron joining the ExxonMobil-led consortium that operates the country’s US$150bn-plus offshore oil project ahead of a crunch vote by Hess shareholders on Chevron’s controversial takeover bid. In October, Chevron offered US$53bn to buy Hess, in […]

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