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PetroTal Corp. (PTAL.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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45.80-0.20 (-0.43%)
As of 10:31AM BST. Market open.
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    Spain's Cepsa sells upstream assets in Peru

    Spain's second-largest oil company Cepsa said on Wednesday it reached an agreement with Canada's PetroTal Corp to sell its upstream assets in Peru for an undisclosed amount. The sale is in line with the company's strategic shift toward low carbon businesses and follows recent divestments of upstream assets in Colombia and Abu Dhabi. Owned by Abu Dhabi fund Mubadala and the Carlyle Group, Cepsa is investing up to 8 billion euros ($8.58 billion) through 2030 in green hydrogen and biofuels.

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