Cobalt International Energy (CIE) Reports Purchase and Sale Agreement with Sonangol Terminated
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Cobalt International says Angola oil block stake sale terminated
August 23, 2016 6:54 AM EDT(Reuters) - Cobalt International Energy Inc (NYSE: CIE) said the proposed $1.75 billion sale of a 40 percent stake in two offshore oil blocks in Angola to the state oil company was terminated as it did not get the necessary approvals from the country's government.
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