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Etu Energias Outbids Energean for Chevron's Angolan Oil Blocks

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Etu Energias, an Angolan company, has signed an agreement to purchase Chevron's participating interests in Blocks 14 and 14K in Angola.

The deal follows a development in June when Energean reported that its $260 million agreement to buy the same Chevron assets faced uncertainty after Etu Energias matched the offer.

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