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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

Statoil sells 15 pct in Angolan oil license for $222 mln

Reuters - UK Focus

OSLO, April 3 (Reuters) - Norway's Statoil (Xetra: DNQ.DE - news) has sold a 15-percent stake in one of its prize oil licenses off Angola to a joint venture that includes London-listed Genel Energy (Other OTC: GEGYF - news) , the firm said on Thursday.

The Norwegian oil company said it had done the deal with WRG, a joint-venture composed of Genel Energy and White Rose Energy Ventures, to "share exploration risk". The deal was worth $222 million, Genel Energy said in a separate statement.

Statoil will retain a 40-percent stake in the license, called Block 39, and remain the operator. The other partners are France's Total (NYSE: TOT - news) with 15 percent and Angola's state oil firm Sonangol with 30 percent. (Reporting by Gwladys Fouche, editing by Nerijus Adomaitis)