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    Chevron sells interests in Chad and Cameroon

    Chevron Corp.

    Chevron Corp. (NYSE: CVX) reports that its subsidiary, Chevron Global Energy Inc., has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. The sale closed June 13.

    The transaction includes the sale of the Chevron subsidiary's interests in seven fields in Chad's Doba Basin, which, in 2013, had an average net daily crude oil production of about 18,000 barrels. The sale also includes the Chevron subsidiary's 21% non-operated interest in a pipeline system that transports crude oil to the coast of Cameroon as well as associated marine facilities.

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